Date: 30 March 2023
Representatives of the UK Endorsement Board (UKEB) and the Accounting Standards Board of Japan (ASBJ) held a bilateral meeting on 29 March 2023 in London, UK to provide updates on their activities. This is an important step towards developing a bilateral understanding of issues faced by the two boards and finding areas of common interest.
The UKEB and the ASBJ also discussed specific technical topics in which both Boards have an interest, including intangibles, the international tax reform (the Pillar Two model rules), and the connectivity between sustainability and financial reporting.
The UKEB and the ASBJ plan to continue exchanging views.
Pauline Wallace, Executive Chair of the UKEB, said:
“This bilateral meeting was a great opportunity to strengthen our links with the ASBJ. I am grateful to them for their willingness to share their views on bilateral topics and I look forward to our future discussions”
Yasunobu Kawanishi, Chair of the ASBJ, said:
“I would like to thank the UKEB for hosting this bilateral meeting in London. The discussions were extremely helpful in understanding our respective priorities and concerns on various issues related to financial reporting. I look forward to continuing the constructive dialogue with the UKEB in the coming years.”