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Tuesday, October 2, 2007

News: ASBJ and IASB Met to Acheive Convergence

On October 2, 2007, the ASBJ and the IASB issued releases, stating that:

"At the meeting in London on 27 and 28 September 2007 members of the ASBJ and the IASB had two objectives. First, to review the convergence programme and the shared goal of eliminating major differences between IFRSs and Japanese GAAP by 2008, with the remaining differences being removed on or before 30 June 2011. And second, to discuss the arrangements for the ASBJ to input its views into the IASB’s current work programme..."

See the ASBJ's website or the IASB's website.