IASB and FASB Announce Dates for US and Asian Round-tables on Global Financial Crisis
The International Accounting Standards Board (IASB) and the US Financial Accounting Standards Board (FASB) have announced that the remaining two round-table discussions to identify financial reporting issues highlighted by the global financial crisis will be held in Norwalk (Connecticut) on the afternoon of 25 November 2008 and in Tokyo on 3 December 2008. As previously announced, the first of the round-table discussions will take place in London on 14 November 2008.
The round-table meetings provide an opportunity for the members of the two boards to hear input from a wide range of stakeholders, including users and preparers of financial statements, governments, regulators and others. The round-tables are intended to help the boards identify accounting issues that may require the urgent and immediate attention of the boards to improve financial reporting and help enhance investor confidence in financial markets.
The boards will also ask round-table participants to identify broader financial reporting issues arising from the global economic crisis. These issues will be given consideration by the high-level financial crisis advisory group established to assist the boards in responding to the crisis in an internationally co-ordinated manner. Further details on the composition of the advisory group will be announced shortly.