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FASB and ASBJ hold biannual meeting

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

15 Jan 2016

On 14 and 15 January 2016, the FASB and the Accounting Standards Board of Japan (ASBJ) met in Tokyo. The meeting was the 19th 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, amortisation of goodwill, and revenue recognition.

The next meeting between the FASB and ASBJ is expected to be held in the second half of 2016 in Norwalk. For more information about the meeting, see the press release on the ASBJ website.

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