The Asian-Oceanian Standard-Setters Group (AOSSG) is a grouping of the accounting standard-setters in the Asian-Oceanian region. The group has been formed to discuss issues and share experiences on the adoption of International Financial Reporting Standards (IFRS) and to contribute to the development of a high-quality set of global accounting standards.
The AOSSG plans to play an important role in encouraging the adoption of IFRSs in the region.
The objectives of the AOSSG are to:
(a) promote the adoption of, and convergence with, IFRSs by jurisdictions in the region
(b) Promote consistent application of IFRSs by jurisdictions in the region
(c) Coordinate input from the region to the technical activities of the International Accounting Standards Board (IASB) and
(d) Cooperate with governments and regulators and other regional and international organisations to improve the quality of financial reporting in the region.
List of the current member organisations.
The AOSSG’s current structure is set out in the AOSSG Vision Paper. The Chair and Vice-Chair are supported by a Chair’s Advisory Committee comprising eight member jurisdictions and by Working Groups devoted to particular technical topics.