Facilitating the adoption of IFRS in developing jurisdictions in the region
Lead / Co-Lead
Working Group members
Australia, China, Hong Kong, India, Indonesia, Iraq, Japan, Korea, Malaysia, Nepal and Pakistan.
The aim of the Working Party is to help developing member jurisdictions to establish centres of excellence in IFRS as a basis for facilitating their adoption of IFRS. A pilot COEDC has been conducted in Nepal and further COEDCs are planned, subject to a target jurisdiction organising the relevant resources. The activities that the Working Party conducted in Nepal, and would typically plan to conduct in other developing jurisdictions, involve two main steps: (1) examining the existing standard-setting capacities of a jurisdiction and making recommendations for improvement; and (2) conducting relevant IFRS training for local trainers. The developing jurisdiction itself is responsible for the centre of excellence and is expected to build on the efforts of the Working Party.
|Assessment of the Effectiveness of the Pilot COEDC Initiative in Nepal||Dec 2014
|Report on Standard-Setting Capacity in Nepal: Building Regional Capacity Initiative||Jul 2014