Several regulatory bodies govern financial reporting across the globe. Their role is to standardize the process, ensuring transparency, accuracy, and integrity in the financial information presented by organizations. Here are a few key ones:

1. Financial Accounting Standards Board (FASB): The FASB is an independent, private-sector organization based in the U.S. that establishes financial accounting and reporting standards for both public and private companies, as well as not-for-profit organizations that follow Generally Accepted Accounting Principles (GAAP).
2. International Accounting Standards Board (IASB): The IASB is an independent, private-sector body that develops and approves International Financial Reporting Standards (IFRS). The IFRS is a set of international accounting standards stating how certain types of transactions and other events should be reported in financial statements.
3. Securities and Exchange Commission (SEC): The SEC is a U.S. government oversight agency responsible for regulating the securities industry. It has the authority to establish the timing, format, and content of financial statements for publicly held companies.
4. Public Company Accounting Oversight Board (PCAOB): The PCAOB is a nonprofit corporation established by U.S. Congress to oversee the audits of public companies and other issuers in order to protect the interests of investors and further the public interest in the preparation of informative, accurate, and independent audit reports.
5. Financial Conduct Authority (FCA): The FCA is a regulatory body in the U.K., overseeing financial firms providing services to consumers and maintaining the integrity of the U.K.'s financial markets.
6. Australian Securities and Investments Commission (ASIC): The ASIC is an independent Australian government body that acts as Australia's corporate regulator, overseeing companies, financial markets, and financial services organizations and professionals who deal and advise in investments, superannuation, insurance, deposit taking and credit.

These bodies not only standardize financial reporting but also play a key role in fostering public trust and confidence in the financial system. They help to ensure that the financial statements are transparent, consistent, and reliable, thereby protecting the interests of the stakeholders.

1. Securities and Exchange Board of India (SEBI): The SEBI is the regulator for the securities market in India. Its principal function is to protect the interests of investors in securities, promote the development of the securities market, and regulate the securities market. SEBI also issues regulations and guidelines for companies on the listing and issuance of securities, financial disclosure, and corporate governance. SEBI has a significant role in ensuring the credibility of the corporate financial reporting system in India.

Together, these regulatory bodies standardize financial reporting across the globe, ensuring transparency, accuracy, and integrity in the financial information presented by organizations. By doing so, they foster public trust and confidence in the financial system and ensure that financial statements are transparent, consistent, and reliable, thereby protecting the interests of all stakeholders.