Representatives of the OIC and the Accounting Standards Board of Japan Hold Meeting in Tokyo

Representatives of the and the Accounting Standards Board of Japan (ASBJ) met on 6 February 2017 in Tokyo, Japan. This meeting was the first meeting between the OIC and the ASBJ.
At this meeting, the OIC and the ASBJ both provided updates on their respective activities and exchanged views on the opportunities for cooperation. As for the technical topics, the OIC and the ASBJ discussed respective views on the International Accounting Standards Board (IASB)’s projects including insurance contracts, primary financial statements, rate-regulated activities and business combinations under common control. In addition, the OIC and the ASBJ discussed on the other projects in which both parties have interest, including separate financial statements and goodwill.

Please find attached the press release.