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FASB, ASBJ to advance accounting standard-setting cooperation
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FASB, ASBJ to advance accounting standard-setting cooperation
The Financial Accounting Standards Board (FASB) and the Accounting Standards Board of Japan (ASBJ) have held their 36th bilateral meeting in Norwalk, Connecticut, US, furthering their cooperation on the development of “high-quality” global accounting standards. The ASBJ sets accounting standards in Japan in line with the due process rules for Japanese generally accepted accounting principles and Japan’s Modified International Standards, as estab…
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