And yet, we still lack a set of global accounting and reporting standards that reflects the globalization of economies, enterprises, and markets.
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(ROOT (S (CC And) (ADVP (RB yet)) (, ,) (NP (PRP we)) (ADVP (RB still)) (VP (VBP lack) (NP (NP (DT a) (NN set)) (PP (IN of) (NP (JJ global) (NN accounting) (CC and) (NN reporting) (NNS standards))) (SBAR (WHNP (WDT that)) (S (VP (VBZ reflects) (NP (NP (DT the) (NN globalization)) (PP (IN of) (NP (NNS economies) (, ,) (NNS enterprises) (, ,) (CC and) (NNS markets))))))))) (. .)))
Establishing global accounting and reporting standards will result in better information sharing. 
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