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Seventh annual AOSSG meeting

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

13 Nov 2015

The seventh annual meeting of the Asian-Oceanian Standards Setters Group (AOSSG) will be held in Seoul on 25-26 November 2015. The meeting is expected to be attended by 20 member standard-setters as well as representatives of the International Accounting Standards Board (IASB) and the IFRS Foundation.

The attendees will discuss various topics relating to the projects that are being undertaken by the IASB. Those projects include the Conceptual Framework, the disclosure initiative, revenue, rate regulation and the Agenda Consultation. The IASB representatives will also update the group on recent IFRS progress and strategic developments.

The agenda for the meeting also includes some topical issues raised by member jurisdictions:

  • Australia and Korea will share a preliminary outcome of their joint research project, which explores how cultural background and translation affect interpretation of the terms of 'likelihood' that are used in IFRS.
  • Japan and Pakistan will provide an update on the progress relating to IFRS adoption.
  • Malaysia, Thailand, and Sri Lanka will raise issues of IFRS implementation.

Detailed information on the meeting including a full preliminary agenda is available on the website of the KASB website (please go to "Activities"/"2015 Annual AOSSG Meeting").

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