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FASB and ASBJ hold biannual meeting

  • FASB (US Financial Accounting Standards Board) Image

Feb 02, 2018

On January 31 and February 1, 2018, the FASB met with the Accounting Standards Board of Japan (ASBJ) in Tokyo. The meeting is the 23rd 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 the conceptual framework, financial statement presentation and disclosures, impairment of financial assets, and leases.

The next meeting between the FASB and ASBJ is expected to be held in August 2018 in Norwalk, Connecticut. For more information about the latest meeting, see the press release on the FASB’s Web site.

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