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FASB and ASBJ hold biannual meeting

  • FASB (US Financial Accounting Standards Board) Image

Aug 30, 2019

On August 29–30, 2019, the FASB met with the Accounting Standards Board of Japan (ASBJ) in Norwalk, Connecticut. The meeting is the 26th 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 accounting for goodwill and intangibles, reference rate reform, accounting for leases, and financial performance reporting and disclosures.

The next meeting between the FASB and ASBJ is ex­pected to be held in the first quarter of 2020 in Tokyo, Japan. For more in­for­ma­tion about the latest meeting, see the press release on the FASB’s Web site.

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