Asian-Oceanian Standard-Setters Group (AOSSG)

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Asian-Oceanian Standard-Setters Group (AOSSG)

16 Feb. 2015

The Korea Accounting Review International Symposium (KARIS), co-hosted by the Korean Accounting Association (KAA) and the Korea Accounting Standards Board (KASB), will be held in Seoul on 31 March 2015. At this symposium, participants will have an opportunity to discuss the effects of IFRS adoption, accounting information and firm value.

Speakers include Hans Hoogervorst, chairman of the IASB, James Ohlson, professor at New York University and world renowned scholar in valuation, and other prominent presenters from Japan and Taiwan.

  • Time and Date: 2pm - 6pm, Tuesday 31 March, 2015
  • Venue: Conference Room, 2/F, Financial Supervisory Service

    (38 Yeoui-daero, Youngdeungpo-gu, Seoul, 150-743)

  • Organizer: Korean Accounting Association (KAA) & Korea Accounting Standards Board (KASB)
  • Sponsor: Financial Supervisory Service (FSS) & The Korea Economic Daily

More details on the symposium are available here.

If you have queries about the symposium, please contact:

Hyejung Lee ( This e-mail address is being protected from spambots. You need JavaScript enabled to view it )
Won-Hee Han ( This e-mail address is being protected from spambots. You need JavaScript enabled to view it )


30 Jan. 2015

The AOSSG has submitted its comment letter on the IASB DP/2014/2 Reporting the Financial Effects of Rate Regulation.


30 Jan. 2015

The AOSSG has submitted its comment letter on the IASB ED/2014/4 Measuring Quoted Investments in Subsidiaries, Joint Ventures and Associates at Fair Value.


23 Dec. 2014

The IASB held its seventh Accounting Standards Advisory Forum (ASAF) meeting on 4-5 December 2014 in London. The AOSSG Chair, Mr Clement Chan; AOSSG member standard-setters: Ms Kris Peach, Chair of the Australian Accounting Standards Board; Mr Guangzhong Liu and Mr Jianqiao Lu, respectively the Director-General and Director of the Accounting Regulatory Department, Ministry of Finance China; and Mr Yukio Ono, Chairman of the Accounting Standards Board of Japan; and seven other members of the IASB's ASAF participated at the meeting.

The ASAF discussed:

  • accounting issues associated with the equity method for the IASB's consideration when pursuing its research project on the topic;
  • ASAF members' preliminary views on the IASB's Discussion Paper in relation to Rate-Regulated Activities;
  • ASAF members’ views on the presentation of cash paid on capital expenditure, the presentation of interest in the cash flow statement, and line item disclosures;
  • accounting issues associated with emission trading schemes (ETS) in ASAF members' jurisdictions or regions for the IASB's consideration when pursuing its ETS research project;
  • the scope and approach of the IASB's post-employment benefit research project, particularly on 'contribution-based promises';
  • a proposal by the Group of Latin American Standard Setters on the recognition of high inflation effects on financial statements;
  • the IASB’s recent tentative decisions on the Leases and the Insurance Contracts projects;
  • how national standard-setters could contribute to the debate of foreign currency translation. IASB staff acknowledged plans to use the Korea Accounting Standards Board's research papers on the topic when they undertake the research project;
  • the next steps for the IASB's Dynamic Risk Management project; and
  • the current IASB work plan and the focus of the 2015 IASB agenda consultation.

A detailed summary of this ASAF meeting will be published shortly on the IASB website.


22 Dec. 2014

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