A Driving Wind for IFRS from Asia-Oceania

Thursday, June 9, 2011 Print Email

The Asian-Oceanian Standard-Setters Group (AOSSG) has published today "A Vision Paper of the Asian-Oceanian Standard-Setters Group 2011 – A Driving Wind for IFRS from Asia-Oceania". The paper describes activities of the AOSSG to date and future activities for the medium- and long-term.

The AOSSG was founded in April 2009 as a platform for the standard setters of the region to discuss problems and share experiences in the convergence process, to participate in the development of IFRSs, and to make contributions to a single set of high quality global accounting standards. The AOSSG works towards being recognized as a flag-bearer of global standard setting and sees communication with the IASB and other bodies of the IFRS Foundation to enable the IASB to prioritize its strategic initiatives with better understanding of issues in the region as one of its roles.

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Source: Deloitte

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