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FASB and ASBJ hold biannual meeting

  • ASBJ (Accounting Standards Board of Japan) Image
  • FASB (US Financial Accounting Standards Board) (lt blue) Image

08 Feb 2019

On 7 and 8 February, the FASB and the Accounting Standards Board of Japan (ASBJ) met in Tokyo. The meeting was the 25th in a series of biannual meetings between the two standard-setters.

In addition to giving updates on their respective standard-setting activities at the meeting, the two boards exchanged views on technical topics in which they both have an interest, including business combinations and goodwill, performance reporting and disclosures, leases, and the distinction between liabilities and equity.

The next meeting between the FASB and ASBJ is expected to be held in the Second half of 2019 in Norwalk. For more information about the latest meeting, see the press release on the ASBJ website.

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