Japanese proposals to permit wider voluntary IFRS adoption
Posted by mostafa on 27 August, 2013
No comments yet
This item was filled under Uncategorized
The Financial Services Agency of Japan (FSA) has released proposals to amend applicable ordinances to allow the wider voluntary application of International Financial Reporting Standards (IFRS) in consolidated financial statements by Japanese companies. The proposals would implement earlier policy recommendations from Japan’s Business Accounting Council (BAC) to ease the eligibility criteria for voluntary IFRS adoption in Japan.