AGM of the Asian- Oceanian Standard- Setters Group hosted by CA Sri Lanka
View(s):The annual meeting of the regional accounting grouping, the Asian-Oceanian Standard-Setters Group (AOSSG) hosted by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) concluded in Colombo recently with representation from 26 regional bodies.
Delivering the welcome address at the AOSSG 5th annual meeting, CA Sri Lanka President Sujeewa Rajapakse spoke on the importance of countries converging with the International Financial Reporting Standards while ensuring that all stakeholders are duly educated on the convergence.
The meeting saw the participation of Chairman of the International Accounting Standards Board Hans Hoogervorst and Chairman of AOSSG Kevin Stevenson. The chairmanship of the group was subsequently handed over to Clement Chan. Mr. Rajapakse also noted that during the last two years, apart from the AOSSG meeting, CA Sri Lanka was also privileged to host a number of reputable regional events including several high level meetings of Confederation of Asian and Pacific Accountants (CAPA) and the South Asian Federation of Accountants (SAFA) Board Meeting. “Such events signify our institute’s standing in the global accounting arena while also boosting our country’s image in the world map,” he said.
AOSSG comprises 26 member bodies from Australia, Brunei, Cambodia, China, Dubai, Hong Kong, India, Indonesia, Iraq, Japan, Kazakhstan, Korea, Macao, Malaysia, Mongolia, Nepal, New Zealand, Pakistan, Philippines, Saudi Arabia, Singapore, Sri Lanka, Syria, Thailand, Uzbekistan and Vietnam.