FASB and ASBJ hold biannual meeting

  • FASB (US Financial Accounting Standards Board) (lt blue) Image
  • ASBJ (Accounting Standards Board of Japan) Image

10 Jun 2015

On June 8–9, 2015, the FASB met with the Accounting Standards Board of Japan (ASBJ) in Norwalk, Connecticut. The meeting is the 18th in a series of biannual meetings the two standard setters hold to further their “cooperative efforts to develop high-quality global accounting standards.”

In addition to giving updates on their re­spec­tive stan­dard-set­ting ac­tiv­i­ties at the meeting, the two boards exchanged views on tech­ni­cal topics in which they both have an interest, including the conceptual framework, the disclosure framework, and revenue recognition.

The next meeting between the FASB and ASBJ is expected to be held in the first half of 2016 in Tokyo, Japan. For more information about the June meeting, see the press release on the FASB’s Web site.

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