NEWS RELEASE 02/17/12
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 www.ifrs.org and www.fasb.org.
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 (www.fasb.org).
To
register for the Tokyo roundtable meetings, please send an email to Takehiro
Okamoto, ASBJ t.okamoto@asb.or.jp.
To register for the London roundtable meetings and to register your
interest in the discussion forums, please send an email to roundtables@ifrs.org.
In the email, please indicate:
- your name;
- your organization;
- the main type of interest you are representing (eg, investor, auditor,
preparer, private company, etc.); and
- whether you wish to attend as a participant or an observer.
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.
Roundtables—Details
Tokyo – April 4,
2012
Accounting Standards Board of Japan
Fukoku
Seimei Building
20F, 2-2-2, Uchisaiwaicho
Chiyoda-ku
Tokyo, Japan
100-0011
Japan
Meeting time: 9:00 a.m. – 12:00 p.m. JST
Registration
deadline: March 16, 2012
Contact: t.okamoto@asb.or.jp
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
Contact: roundtables@ifrs.org
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
Contact: lbagwell@fasb.org
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
Contact: lbagwell@fasb.org
Press
Inquiries:
Christine Klimek, Senior Manager, Media
Relations
Financial Accounting Foundation
Telephone: +1 (203)
956-3459
Email: clklimek@f-a-f.org
Sonja
Lardeau, Communications Manager, IFRS Foundation
Telephone: +44 (0)20 7246
6463
Email: slardeau@ifrs.org