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Discussions at the joint IASB-ASBJ meeting

05 Apr 2012

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.