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

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17 Sep 2020

A communiqué has been issued from a meeting of the standard-setters from China, Japan and the Republic of Korea held in by video conference on 1 September 2020.

Representatives were present from the Accounting Regulatory Department of the Chinese Ministry of Finance, the China Accounting Standards Committee (CASC), the Accounting Standards Board of Japan (ASBJ), the Korea Accounting Standards Board (KASB), and the IASB, together with guests from Hong Kong and Macao.

At this meeting, the delegates from the three countries provided updates on the recent applications of IFRSs and the developments of the local accounting standards in their respective jurisdictions and had in-depth discussions on accounting issues related to COVID-19, consolidated financial statements and primary financial statements.

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

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