Standard-setters from Hong Kong and Japan take up bilateral meetings
07 Mar 2018
Representatives of the Hong Kong Institute of Certified Public Accountants (HKICPA) and of the Accounting Standards Board of Japan (ASBJ) met on 5 and 6 March 2018 in Hong Kong to discuss higher quality accounting standards by collaboration.
Main topics of discussion during this first bilateral meeting were the standard-setters' projects on developing the accounting for group reorganisations (or intra-group mergers and acquisitions) and the accounting for virtual currencies, for which there are no global accounting standards as yet. They also exchanged views on opportunities to cooperate and share insights on accounting challenges today and the way newly effective standards are applied.
HKICPA and ASBJ plan to continue these meetings.
Please click for the press release on the ASBJ website.
