FASB and IASB to Host a Series of Outreach Meetings on Revised Revenue Recognition Proposals

London and Norwalk, CT, February 17, 2012—The Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) will host a series of outreach meetings in March, April and May 2012 on their revised joint proposals for the recognition of revenue that were published in November 2011.

The meetings form an important part of the boards’ program of outreach activities on this second set of the revenue recognition proposals and they reflect the importance of revenue to all companies. To date, the boards have already hosted a number of workshops, webcasts and conferences on the topic and have held a number of meetings with auditors, preparers, regulators and users.

The roundtable meetings will be held in public and will provide an opportunity for those who have submitted a comment letter, or who still intend to submit a comment letter, to discuss the proposals with the boards in further detail. The meetings will take place in London (UK), Norwalk (US) and Tokyo (Japan) in April; an additional roundtable meeting will take place for U.S. private companies in May 2012.

In addition, the IASB will host further outreach meetings during the week commencing March 26, 2012 in Sao Paulo (Brazil) and Kuala Lumpur (Malaysia). Details of those events will be announced on the IASB’s website in the coming weeks.

An audio recording of the roundtable discussions will be made available shortly after each roundtable on and

Roundtable Meetings: Details and Registration Process

Registration information for the U.S. roundtable meetings is available on the revenue recognition project page on the FASB’s website (

To register for the Tokyo roundtable meetings, please send an email to Takehiro Okamoto, ASBJ

To register for the London roundtable meetings and to register your interest in the discussion forums, please send an email to

In the email, please indicate:

The boards aim to ensure that a broad range of views are heard at the roundtable meetings. Therefore, only one participant per organization is permitted in the roundtable meetings and no more than three observers from the same organization may attend.


Tokyo – April 4, 2012

Accounting Standards Board of Japan
Fukoku Seimei Building
20F, 2-2-2, Uchisaiwaicho
Tokyo, Japan 100-0011
Meeting time: 9:00 a.m. – 12:00 p.m. JST
Registration deadline: March 16, 2012

London – April 20, 2012

IASB Office
First Floor
30 Cannon Street
London EC4M 6XH
United Kingdom
Meeting times: 9:00 a.m. – 12:00 p.m. BST and 1:00 p.m. – 4:00 p.m. BST
Registration deadline: March 30, 2012

Norwalk – April 26, 2012

FASB Office
401 Merritt 7
Norwalk, CT 06856-5116
Meeting times: 9:00 a.m. – 12:00 p.m. EDT and 1:00 p.m. – 4:00 p.m. EDT
Registration deadline: March 30

Salt Lake City – May 8, 2012
(For Private Cos.)

Marriott Salt Lake City Center
220 South State Street
Salt Lake City, UT 84111
Meeting times: 9:30 a.m. – 12:30 p.m. MDT
Registration deadline: April 20, 2012

Press Inquiries:

Christine Klimek, Senior Manager, Media Relations
Financial Accounting Foundation
Telephone: +1 (203) 956-3459

Sonja Lardeau, Communications Manager, IFRS Foundation
Telephone: +44 (0)20 7246 6463