EFRAG and ASBJ hold joint meeting
24 Jan 2014
Representatives of the European Financial Reporting Advisory Group (EFRAG) and the Accounting Standards Board of Japan (ASBJ) held a bilateral meeting in Tokyo on 21 and 22 January 2014. The EFRAG and ASBJ provided updates on their respective projects and exchanged views on the development of accounting standards.
EFRAG and ASBJ discussed the following topics:
- Conceptual framework.
- Financial instruments.
- Leases.
- Insurance contracts.
- Research activities, including impairment and amortisation of goodwill with the Organismo Italiano di Contabilità.
Further, the EFRAG and ASBJ agreed that continued mutual cooperation on accounting issues and potential concerns will enhance their viewpoints when deliberating with the ASAF or other national standard setters.
The next meeting between the EFRAG and ASBJ will be held in Brussels.
A press release is available on the EFRAG website.
