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Asian-Oceanian standard setters will meet

  • AOSSG (Asian-Oceanian Standard-Setters Group) (dk green) Image

16 Oct 2009

The first meeting of the Asian-Oceanian Standard-Setters Group (AOSSG) will take place on 4 and 5 November 2009 in Kuala Lumpur, hosted by the Malaysian Accounting Standards Board.

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.

 

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