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December 11, 2017
CA. S. B.Zaware, Central Council Member, ICAI elected as Vice-Chair of Asian Oceanian Standard Setters Group (AOSSG)

The Institute of Chartered Accountants of India (ICAI) has always been playing an important role in positioning the Indian accounting profession prominently on all the International Accounting Forms and building up brand image internationally.

CA. S. B.Zaware, Central Council Member, ICAI has been elected as the Vice-Chair of the Asian Oceanian Standard Setters Group (AOSSG) for a period of two years commencing from November, 2017. After serving as Vice Chair for two years, CA. Zaware shall take the charge as next AOSSG Chair.

CA. Zaware has held numerous leadership positions within the profession. Currently, he is the Chairman of Accounting Standards Board (ASB) of ICAI and also a Special invitee to National Advisory Committee on Accounting Standards (NACAS) set up under section 210A of the Companies Act by the Government of India. CA. Zaware has a vast experience of Indian Accounting Standards & IFRS and has been instrumental in notifying the Accounting Standards in India under the Companies Act. He has in-depth knowledge of the issues /problems being faced by Indian industry in complying with the Accounting Standards across various industry segments.


The Asian-Oceanian Standard-Setters Group (AOSSG) is a group of the accounting standard-setters in the Asian-Oceanian region established in November, 2009. ICAI is a founder member of AOSSG. Currently, AOSSG has 26 members and it represents the Asian-Oceanian region in the Accounting Standards Advisory Forum of IFRS Foundation. AOSSG has been formed to discuss issues and share experiences on the adoption of International Financial Reporting Standards (IFRS) and contribute to the development of a single set of high-quality global accounting standards.

About ICAI

ICAI is a statutory body established under the Chartered Accountants Act, 1949 for regulating the profession of Chartered Accountants in India. ICAI is the second largest accounting body in the world. During its more than 68 years of existence, ICAI has achieved recognition as a premier accounting body not only in the country but also globally, for maintaining highest standards in technical, ethical areas and for sustaining stringent examination and education standards. The strength of Chartered Accountant fraternity has grown to over 2.80 lakh members and 8 lakh active students. The Institute functions under the Ministry of Corporate Affairs, Government of India. It has its headquarters in New Delhi and 5 Regional offices. It presently has 163 branches spread all over the country. In addition, it has also set up 30 chapters outside India and an overseas office in Dubai.

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