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Article: Financial Accounting Standards Board Meets with Accounting Standards Board of Japan to Discuss Global Convergence.
- Article from:
- Business Wire
- Article date:
- May 27, 2008
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Copyright informationCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TOKYO -- Representatives of the Financial Accounting Standards Board (FASB) and the Accounting Standards Board of Japan (ASBJ) gathered this week in Tokyo for a joint meeting to discuss global convergence.
Led by Robert H. Herz, chairman of the FASB, and Ikuo Nishikawa, chairman of the ASBJ, the meeting was the fifth in a series of discussions between FASB and ASBJ designed to enhance dialogue between the two Boards in their shared pursuit of global convergence of accounting standards. Mr. Tatsumi Yamada, Board member of the International Accounting Standards Board (IASB), also attended as an observer at the meeting.
Convergence--the development of a common set of ...