Role of Professional Organizations in Improving the Disclosure Performance of Corporate Houses at the Global Level

Every country has its own economic feature. The economic feature of the country may be private or capitalized, centralized or controlled by the government, mixed it is the combination of both. In the private economy, the major player is private owners who are the central point of market operations and the factor for variations in prices. Individuals of the business organizations who want to involve in the transactions created by the private owner’s needs information which influence their behavior in the market. The present paper is conceptual in nature with secondary sources of data collected through websites, journal, and other published reports to analyze the role of international organizations in improving the corporate reporting at the global scenario. And concludes that there is necessity of having co-operation among these organizations in setting standards and the future can be with single competitive standards which encompass the need of all the stakeholders.