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ASBJ and FASB continue discussions

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08 Mar 2013

The fourteenth meeting between representatives of the Accounting Standards Board of Japan (ASBJ) and the Financial Accounting Standards Board (FASB) was held in Norwalk, Connecticut on 4-5 March 2013. The meeting saw updates on each board's respective standard setting activities and an exchange views on the IASB's activities, especially about the conceptual framework, which both Boards believe is essential to the development of high-quality global accounting standards.

The FASB and the ASBJ also discussed the following projects that the FASB and the International Accounting Standards Board (IASB) are currently deliberating:

The ASBJ and FASB will continue to meet, with another meeting to be scheduled for the second half of 2013.  Click for press release (link to ASBJ website).

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