India-Japan IFRS Dialogue 2012
On November 19, 2012, the third meeting of India-Japan IFRS Dialogue was held at the newly opened Asia-Oceania office of the IFRS Foundation.
This joint dialogue was established in 2010 to share knowledge, experience and challenges in implementing IFRSs in India and Japan, and strengthen mutual cooperation between both countries.
For this year's meeting, representatives from the JICPA, the Financial Services Agency (FSA), the Financial Accounting Standards Foundation (FASF), the Accounting Standards Board of Japan (ASBJ), the Japan Business Federation (KEIDANREN), and the Tokyo Stock Exchange (TSE), as well as representatives from the Ministry of the Corporate Affairs of India and the Institute of Chartered Accountants of India (ICAI) delivered engaging presentations from each side, and participated in heated discussions over issues including recommendations for IASB's agenda consultation, how best to utilize the Asia-Oceania office of the IFRS Foundation, and other specific accounting issues such as recognition and accounting for goodwill and R&D costs.
