Standard-setters from Hong Kong and Japan continue bilateral meetings
28 Feb 2019
Representatives of the Hong Kong Institute of Certified Public Accountants (HKICPA) and of the Accounting Standards Board of Japan (ASBJ) met on 25 and 26 February 2019 in Hong Kong to discuss higher quality accounting standards by collaboration.
The HKICPA and the ASBJ provided updates on their respective activities and exchanged views on how to improve the accounting for goodwill, business combinations under common control and intangible assets. They also discussed the quality of fair value measurement and the implementation of major new IFRSs in their jurisdictions.
HKICPA and ASBJ plan to continue these meetings.
Please click for the press release on the ASBJ website.
