To conclude my reference to the major initiatives in the area of valuation and transparency, the IASB is accelerating its work to enhance accounting and disclosure standards of off-balance sheet entities and to develop guidance for valuation in illiquid markets. In the same vein.
Figure 4 – Headline Consumer Price Inflation (CPI) across selected economies % Change YoY 8 7 6 5 4  3 2 1 0 -1 2010  2011  2012  2013  United Kingdom  2014  Canada  2015  2016  United States  2017  2018  Euro Area  2019  2020  New Zealand  2021 Australia  Source: Federal Reserve Bank of St. Louis, Economic Data (FRED)  The pandemic has tipped this concern on its head.