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Communiqué from latest China-Japan-Korea accounting standard-setters meeting

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26 Oct 2018

A communiqué has been issued from a meeting of the standard-setters from China, Japan and the Republic of Korea held in Busan on 19 October 2018.

Representatives were present from the China Accounting Standard Committee (CASC), the Accounting Standards Board of Japan (ASBJ), the Korea Accounting Standards Board (KASB), and the IFRS Foundation Asia Oceania Office, together with guests from Hong Kong and Macao.

The meeting saw presentations on:

  • Accounting reform of Korea
  • Challenges for intangible assets reporting
  • Business combinations under common control
  • Virtual currencies

Please click for the full communiqué (link to KASB website).

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