Representatives of the Financial Accounting Standards Board (FASB) and the OIC met on May 30, 2017 in Rome.

At this meeting, the FASB and the OIC both provided updates on their respective activities. As for the technical topics, the FASB and the OIC had an exchange of views on implementation activity regarding the standards on revenue and leases, on future projects and on the IASB’s projects including Insurance Contracts and Accounting Policies and Accounting Estimates (Proposed amendments to IAS 8).

Please find attached the press release.