The objective of this first meeting in November is to establish and agree on a constitution for the AOSSG and to discuss and to provide input on several of the most recent draft proposals issued by the International Accounting Standards Board. The discussions will include views on the fair value measurement, the presentation of financial statements, revenue recognition, and IAS 39.

Standard-setters from at least 24 countries have confirmed that they are attending the AOSSG Meeting and will be signing the Memorandum of Understanding (MoU) of AOSSG. These include Australia, China, India, Japan, Hong Kong, Korea, Malaysia, New Zealand, Pakistan, Saudi Arabia, and Singapore.

Click for press release (PDF 65k). We will report on the activities of AOSSG on IAS Plus from time to time, and we have created a new AOSSG Page on IAS Plus where we will a keep a record of our AOSSG news.