I write to you to announce that the International Accounting Standards Committee Foundation’s (IASC Foundation) annual International Financial Reporting Standards (IFRSs) conference in Asia will be held at the Mandarin Oriental hotel in Tokyo, Japan on 28 and 29 July 2010.
Convergence in global accounting standards is widely considered to be a major component of global financial reform. Encouraged by the G20 and others, the IASB has re-doubled its efforts to complete its convergence programme with both the US Financial Accounting Standards Board (FASB) and the Accounting Standards Board of Japan (ASBJ) by June 2011.
Such an ambitious work programme has consequences for all involved in financial reporting. The conference will provide an update on the International Accounting Standards Board’s (IASB) response to the financial crisis and the major convergence projects currently being undertaken. It will also provide insights into the IASB’s plans beyond 2011.
The conference provides an excellent opportunity to learn from the experiences of those that have already implemented IFRSs and others that are in the process of doing so. It also provides an excellent opportunity both to gain an understanding of the thinking behind the IASB projects, and to hear about the future direction of financial reporting from those responsible for setting it.
In addition to the strategic direction of global financial reporting and responses to the current economic climate, the conference also offers special interest sessions which present an opportunity for participants to discuss specialised aspects of financial reporting.
At a minimum Japanese/English language interpretation will be provided for all plenary sessions and for two breakout sessions. However, if more than 300 delegates register for the conference Japanese/English interpretation will be provided for all sessions.
I hope to see you at the IASC Foundation’s IFRS conference and special interest sessions in Tokyo.
Sir David Tweedie
Make sure you download the very latest IFRS Conference Tokyo programme to keep up to date with any changes.