Discussions at the Joint IASB-ASBJ Meeting

Representatives of the International Accounting Standards Board (IASB) and the Accounting Standards Board of Japan (ASBJ) held their fifteenth biannual meeting in Tokyo on 2 April 2012.

IASB and ASBJ discussed the following topics:

o IFRS - US GAAP convergence,

o the IASB Agenda Consultation 2011,

o the ongoing review of the IFRS Interpretations Committee, being conducted by the Trustees, and

o opportunities for closer co-operation between the IASB and national accounting standard-setters, including the future relationship between the IASB and the ASBJ.