Report from 'convergence meeting' of IASB and ASBJ

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13 Apr 2008

The IASB met with representatives of the Accounting Standards Board of Japan (ASBJ) in Tokyo on 8 and 9 April 2008. This was their second meeting in Tokyo since the announcement of the initiative to accelerate convergence between Japanese GAAP and IFRSs in August 2007. Technical issues discussed included consolidation, revenue recognition, insurance contracts, liabilities and equity, and financial statement presentation.

The groups also exchanged views on the recent international credit crisis. Click for IASB News Release (PDF 52k).


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