FASB and ASBJ Hold Biannual Meeting

On October 18–19, 2021, the FASB held a virtual meeting with the Accounting Standards Board of Japan (ASBJ). The meeting is the 30th in a series of biannual meetings the two standard setters hold to further their “cooperative efforts to develop high-quality global accounting standards.” The two boards exchanged views on technical topics in which they both have an interest, including accounting for goodwill and financial instruments.

The next meeting between the FASB and ASBJ is expected to be held in the first half of 2022. For more information about the latest meeting, see the press release on the FASB’s Web site.