Group of Latin American Accounting Standard Setters (GLASS)

GLASS (Group of Latin-american Accounting Standard Setters) (dk green)


The Grupo Latinoamericano de Emisores Standards Información Financiera (GLENIF), or Group of Latin American Accounting Standard Setters (GLASS), is a regional organisation formed from standard-setters in the Latin-American region.

The group was established in June 2011 and has standard-setter members from the following jurisdictions: Argentina, Bolivia, Brazil, Chile, Colombia, Dominican Republic, Ecuador, El SalvadorGuatemala, Mexico, Panama, Paraguay, Peru, Uruguay and Venezuela. Costa Rica and Honduras have observer status.


The objectives of GLASS include:

  • Interacting with IASB by providing technical input to all documents published for comments
  • Promoting the adoption and/or convergence with IFRSs in the region as well as their consistent application
  • Cooperating with governments, regulators and other regional, national and international organisations in contributing to the improvement of quality of financial statements
  • Collaborating in the dissemination of the standards issued by IASB in the region, particularly in member countries
  • Providing proposals for the IASB agenda, and coordinating its alignment with that of the region
  • Taking part in the technical meetings of the National Standard-Setters and World Standard-Setters, as appropriate, respecting the national sovereignty of each member country participating in both groups
  • Interacting with other organisations in Latin America, such as the Union of South American Nations, the Southern Common Market and the Andean Community, on issues related to accounting standards.

At the IFASS meeting held in New Delhi on 6‐7 March 2014, GLASS presented an overview of its structure and activities since its formation in 2011 (link to GLASS website).


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