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FASB and ASBJ hold biannual meeting

  • FASB (US Financial Accounting Standards Board) Image

Aug 03, 2018

On August 1–2, 2018, the FASB met with the Accounting Standards Board of Japan (ASBJ) in Norwalk, Connecticut. The meeting is the 24th 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 virtual currencies, the subsequent accounting for goodwill, the presentation and disclosure of financial statements, and leases.

The next meeting between the FASB and ASBJ is expected to be held in the first half of 2019 in Tokyo, Japan. For more information about the latest meeting, see the press release on the FASB’s Web site.

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