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global financial stability report (GFSR) A report developed and published by the International Monetary Fund. The report is issued twice per year and provides updates on current economic conditions and financial markets worldwide. Topics covered may include systemic risk assessments, debt management, emerging markets, and current crises that impact the global financial picture.
Accounting and Auditing series. ASB CLARITY PROJECT: CHANGES AND UPDATES. The Auditing Standards Board recently completed its project of converging U.S. auditing standards with International Standards on Auditing (ISAs) issued by the International Audit and Assurance Standards Board (IAASB). This project, referred to as the âClarity Projectâ, is similar to the current convergence of U.S. GAAP with International GAAP.