In June 2015, the Accounting Standards Board of Japan (ASBJ) issued “Japan’s Modified International Standards (JMIS): Accounting Standards Comprising IFRSs and the ASBJ Modifications”, which covered standards and interpretations issued by the International Accounting Standards Board (IASB) as at 31 December 2012. The ASBJ has now completed consideration of IASB pronouncements as at 31 December 2013 and proposes additional ‘deletions or modifications’.