Japanese and United States standard-setters meet to discuss global convergence
17 Aug 2010
Representatives of the Accounting Standards Board of Japan (ASBJ) and United States Financial Accounting Standards Board (FASB) met on 12-13 August 2010 to discuss global convergence of accounting standards.
Ikuo Nishikawa, Chairman of the ASBJ, commented:
We commend the FASB's continuing work on convergence with the IASB towards a single set of high-quality, global accounting standards. We would also like to support the FASB's efforts to reconcile differences with the IASB to develop converged guidance on the accounting for financial instruments. |
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