Discussions at the joint IASB-ASBJ meeting
Representatives of the International Accounting Standards Board (IASB) and the Accounting Standards Board of Japan (ASBJ) held their fifteenth biannual meeting in Tokyo on 2 April 2012.
IASB and ASBJ discussed the following topics:
- IFRS - US GAAP convergence,
- the IASB Agenda Consultation 2011,
- the ongoing review of the IFRS Interpretations Committee, being conducted by the Trustees, and
- opportunities for closer co-operation between the IASB and national accounting standard-setters, including the future relationship between the IASB and the ASBJ.
The IASB has posted to its website a press release with a summary of the discussions.