FASB and ASBJ hold biannual meeting

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

03 Aug 2018

On 1 and 2 August, the FASB and the Accounting Standards Board of Japan (ASBJ) met in Norwalk. The meeting was the 24th in a series of biannual meetings between the two standard-setters.

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 virtual currencies, the subsequent accounting for goodwill, the presentation and disclosure of financial statements, and leases.

The next meeting between the FASB and ASBJ is expected to be held in the first half of 2019 in Tokyo. For more information about the latest meeting, see the press release on the FASB website.

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