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Comments (May, 2009)

Comments on the "Application of International Financial Reporting Standards (IFRS) in Japan (Draft Interim Report)"

May 29,2009

On April 6 2009, the JICPA submitted comments on the "Application of International Financial Reporting Standards (IFRS) in Japan (Draft Interim Report)" issued by the Financial Services Agency (FSA).
Our comments highlighted that:

  • we appreciate that the FSA announced its position as to the possible use of IFRS by Japanese companies, given the current uncertain economic circumstances;
  • the optional application of IFRS should be permitted from the fiscal year ending in March, 2010; and
  • the mandatory compliance date should be clearly defined.
This comment is available in Japanese only.

Comments on the Exposure Draft of "Proposed Framework for International Education Standards for Professional Accountants"

May 1,2009

On April 24, 2009, the JICPA submitted comments on "Proposed Framework for International Education Standards for Professional Accountants".

 

JICPA's comment letter to the IAESB can be obtained at:

http://www.hp.jicpa.or.jp/english/images/4-49-0-2e-20090414.pdfPDF(PDF · 5P · 1.2MB)

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