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Standard-setters from Australia and Japan take up bilateral meetings

  • AASB (Australian Accounting Standards Board) (lt blue) Image
  • ASBJ (Accounting Standards Board of Japan) Image

27 Mar 2018

Representatives of the Australian Accounting Standards Board (AASB) and of the Accounting Standards Board of Japan (ASBJ) met on 22 and 23 March 2018 in Melbourne.

The standard-setters provided updates on their respective financial reporting frameworks, activities and exchanged views on the opportunities for cooperation.

They also discussed specific technical topics in which both Boards have interest:

  • IFRS implementation issues (particularly impairment testing),
  • virtual currencies,
  • intangibles (particularly good will),
  • business combinations under common control,
  • equity method of accounting, and
  • other comprehensive income.

AASB and ASBJ plan to continue these meetings.

Please click for the press release on the ASBJ website.

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