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First meeting held between Japanese and Italian accounting standard setters

The Accounting Standards Board of Japan (ASBJ) held a joint meeting with Italian standard-setter Organismo Italiano di Contabilità (OIC). The meeting was the first bilateral meeting between the two standard-setters and was held in Tokyo.

Representative of both the ASBJ and the OIC gave updates on their respective activities and exchanged views of technical topics and the IASB’s agenda. This included insurance contracts, primary financial statements, rate-regulated activities, and business, as well as other projects in which they have mutual interests.

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