In 2009 which group was set-up in the Asia-Oceania region as part of the establishment of global accounting standards?
A) Group of 100
B) Asian-Oceanian Audit-Setting Board (AOASB)
C) International Accounting Standards Board (IASB)
D) Asian-Oceanian Standard-Setting Group (AOSSG)

Question

Quizplus · Accepted Answer

The Asian-Oceanian Standard-Setting Group (AOSSG) was set up in 2009 as part of the establishment of global accounting standards in the Asia-Oceania region. The Group aims to promote the adoption of International Financial Reporting Standards (IFRS) and to contribute to the development of high-quality global accounting standards. The other options, Group of 100, Asian-Oceanian Audit-Setting Board (AOASB), and International Accounting Standards Board (IASB), are not specific to the Asia-Oceania region or the establishment of global accounting standards in that region.

In 2009 Which Group Was Set-Up in the Asia-Oceania Region