Report from last week's meeting of FASB and ASBJ

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02 Jun 2008

Representatives of the US Financial Accounting Standards Board (FASB) and the Accounting Standards Board of Japan (ASBJ) met last week in Tokyo to discuss global convergence.

This was the fifth such FASB-ASBJ meeting. Among other things, representatives of the two boards discussed the recent international credit crisis, and the current status of their work on their projects on consolidation and special purpose entities, revenue recognition, financial statement presentation, and liabilities and equity. Click for News Release (PDF 18k).


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