Google+ Followers

Wednesday, August 8, 2007

News: Tokyo Agreement on Convergence

On August 8, 2007, the Accounting Standards Board of Japan (ASBJ) and the International Accounting Standards Board officially announced "Tokyo Agreement" on convergence of accounting standards.

More specifically, major differences between Japanese GAAP and IFRS would be eliminated by 2008, and the remaining differences would be eliminated on or before June 30, 2011.

For their press releases, please visit the web sites of the boards.

No comments: