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FASB and ASBJ hold biannual meeting

  • FASB (US Financial Accounting Standards Board) Image

Jan 19, 2017

On January 18–19, 2017, the FASB met with the Accounting Standards Board of Japan (ASBJ) in Tokyo, Japan. The meeting is the 21st in a series of biannual meetings the two standard setters hold to further their “cooperative efforts to develop high-quality global accounting standards.”

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 performance reporting, goodwill and intangible assets, and negative interest rates.

The next meeting between the FASB and ASBJ is expected to be held in the second half of 2017 in Norwalk, Connecticut. For more information about the January meeting, see the press release on the FASB’s Web site.

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