Japans national accounting body has tenth meeting focusing on international standards convergence.
A universal accounting standard for the worlds major economies is a small step closer to reality following the latest meeting aimed at getting Japan to standardise.
The Accounting Standards Board of Japan (ASBJ) and the International Accounting Standards Board (IASB) have held their tenth meeting to accelerate convergence of Japanese generally accepted accounting principles (GAAP) and International Financial Reporting Standards (IFRSs).
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