This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

Japanese and United States standard-setters meet to discuss global convergence

  • Japan Image
  • United States (old) Image

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.

The meeting, held in Tokyo, discussed recent developments in both boards' convergence projects with the IASB, as well as the IASB's projects on financial instruments, revenue recognition and leases.

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.

Click for full press release (PDF 45k).

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.