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FASB and ASBJ hold biannual meeting

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

28 Oct 2020

On 26-27 October, the FASB and the Accounting Standards Board of Japan (ASBJ) held a joint virtual meeting. The meeting was the 28th in a series of biannual meetings between the two standard-setters.

The two boards informed each other about their respective activities, including the response to the COVID-19 pandemic’s effects, and exchanged views on technical topics in which they both have an interest, including accounting for goodwill, the equity method of accounting, as well as the FASB’s exposure draft on the elements chapter of its Conceptual Framework.

The next meeting between the FASB and ASBJ is expected to be held in the first half of 2021. For more information about the latest meeting, see the press release on the ASBJ website.

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