United States and Japan discuss convergence

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  • Japan Image

14 Feb 2011

Representatives of the Accounting Standards Board of Japan (ASBJ) and the Financial Accounting Standards Board (FASB) met on February 7 and 8, 2011, in Norwalk, Connecticut, in the latest a series of discussions between the ASBJ and the FASB designed to enhance dialogue between the two Boards in their shared pursuit of global convergence of accounting standards. .

With the decisions connected with the use of IFRSs expected to be made during 2011 for the United States and in or around 2012 for Japan, the ASBJ and the FASB updated each other with the recent developments in their respective convergence projects with the IASB and exchanged views on the a number of IASB projects.

Click for FASB press release (link to FASB website).

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