Asian-Oceanian Standard-Setters Group (AOSSG)

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Asian-Oceanian Standard-Setters Group (AOSSG)

22 Dec. 2014

The AOSSG has submitted its comment letter on the IASB ED/2014/3 Recognition of Deferred Tax Assets for Unrealised Losses.


22 Dec. 2014

The AOSSG has submitted its comment letter on the IASB DP/2014/1 Accounting for Dynamic Risk Management: a Portfolio Revaluation Approach to Macro Hedging.


19 Dec. 2014

The sixth Annual AOSSG Meeting was held on 26-27 November 2014 in Hong Kong, hosted by the Hong Kong Institute of Certified Public Accountants as the member organisation chairing the AOSSG.

Key delegates from 18 member jurisdictions from Australia, Brunei, Cambodia, China, Hong Kong, India, Indonesia, Japan, Korea, Macao, Malaysia, Nepal, New Zealand, Pakistan, Singapore, Sri Lanka, Syria and Vietnam, as well as the IASB and the IFRS Foundation were present at the meeting.

The communiqué for the November 2014 Annual AOSSG Meeting is available here.


15 Dec. 2014

The AOSSG's IFRS Centre of Excellence (COE) for a Developing Country Working Party has accomplished its targeted activities after two years for establishing a pilot IFRS COE initiative in Nepal.

Those activities involve a review of the standard-setting processes and capacity of the Accounting Standards Board, Nepal and a series of Train-the-Trainer (TTT) programs in Kathmandu.

More details on the outcomes of the review and TTT programs are available here.


6 Nov. 2014

AOSSG member standard-setters from Australia, Hong Kong, India, Indonesia, Iraq, Japan, Korea, Malaysia, New Zealand, Pakistan, Singapore and Syria met briefly with members and staff of the IASB on the afternoon of 28 September 2014 in London.

The meeting mainly discussed AOSSG members’ preliminary views on the IASB’s tentative decisions in relation to the Conceptual Framework and Insurance Contracts projects, and the IASB Discussion Paper Accounting for Dynamic Risk Management: a Portfolio Revaluation Approach to Macro Hedging.