India-Japan Joint Working Group on IFRS
30 Jul 2010
Various government and accounting organisations from India and Japan have formed the India-Japan Joint Working Group as a common platform between the two countries to discuss IFRS-related matters. The first meeting of the Joint Working Group was held in Tokyo, Japan from 26-28 July 2010.
At the meeting, a Memorandum of Understanding was signed which primarily focuses on:
- An exchange of views on legal and regulatory and other issues arising out of application of or convergence with IFRSs and exploring the possibilities of mutual cooperation
- Addressing critical issues relating to application of, or convergence with, IFRSs and reaching consensus through a process of consultation mutually agreed to
- Fostering a strong and cohesive profession by providing leadership on emerging issues, coordinating with global, other regional, intra-regional organisations, member bodies and associates to achieve appropriate strategic objectives.
- Accounting Standards Board of Japan (ASBJ) press release Inauguration of India-Japan Dialogue (PDF 41k)
- Our India country page
- Our Japan country page.
