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Outcomes from March 2012 AOSSG meeting

Mar 28, 2012

The Asian-Oceanian Standard-Setters Group (AOSSG) has released a summary of matters discussed at its informal meeting held on 25 March 2012 in Kuala Lumpur.

The topics discussed included:

  • the status of various IASB projects
  • emerging issues relating to agriculture and foreign currency translation that are affecting the Asia-Oceania region
  • a proposal to establish an IFRS Centre of Excellence in a developing country in an effort to build on the capacity of developing countries to cope with applying IFRSs, and eventually to ensure the Asia-Oceania region becomes consistent in its application of global standards.

The AOSSG plans to meet again in October 2012 in London before the next Annual AOSSG Meeting that is planned for November 2012 in Kathmandu, Nepal.

As this was an informal meeting, meeting papers have not been released.

Click for press release (link to AOSSG website).