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First joint meeting of EFRAG and KASB

  • EFRAG (European Financial Reporting Advisory Group) (dk green) Image
  • KASB (Korean Accounting Standards Board) (lt blue) Image

11 Jul 2016

Acknowledging the importance of co-operation by members of the international community applying IFRS, the European Financial Reporting Advisory Group (EFRAG) and the Korean Accounting Standards Board (KASB) held their first joint meeting on 5 July 2016 in Brussels.

The major topic of the technical discussion was the IASB’s Conceptual Framework project, especially in relation to measurement. Both parties supported further guidance being provided in this area.

EFRAG and the KASB plan to meet again in Korea in 2017.

Please click to access the joint press release on the meeting on the EFRAG website.

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