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28 January 2014

FAF(米国財務会計財団)、IASB(国際会計基準審議会)共同プロジェクト完遂のためにIFRS(国際財務報告基準)財団に向けた最大300万米ドルの資金提供を公表


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The Financial Accounting Foundation announced that it will make a non-recurring contribution of up to $3 million to the International Financial Reporting Standards Foundation to support the completion of international convergence projects


The FAF Board of Trustees made the decision in consultation with senior officials of the SEC.
The contribution, to be made in up to three payments of $1 million during 2014, is intended to support the IFRS Foundation’s standard-setting body, the IASB, during the period that it is completing work on four joint accounting standards projects underway with the FASB. The joint projects involve accounting for revenue recognition, leasing, financial instruments (both classification & measurement and impairment), and insurance.

“Completing these joint projects clearly is in the best interests of FASB stakeholders, including all of those around the world who invest in US capital markets", said FAF Chairman Jeffrey J Diermeier.

The contribution to the IFRSF will come from the FAF’s reserve fund. The FAF Trustees made one previous contribution of $500,000 to the IFRSF in 2011. In addition to the cash contribution, the FASB over the past dozen years has dedicated much of its technical staff’s time to the convergence projects.

The FASB and the IASB have been working together to more closely converge US GAAP and IFRS since they jointly signed the so-called Norwalk Agreement in 2002.

Press release



© FAF - Financial Accounting Foundation


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