What's New (Jun, 2014)

June 12,2014

On June 12, 2014, CPAs from Myanmar Institute of CPAs (MICPA) visited JICPA, as the part of the training program run by MICPA-DAIWA Myanmar Japan Foundation for Myanmar CPAs to understand and learn about the stock market and related topics.

The overview of CPA profession in Japan was provided to contribute to their further understanding of the roles and responsibilities of the accountancy profession in Japan for the healthy functioning of the capital markets.

JICPA hopes to strengthen ties with MICPA and continue to play a role in the development of capital markets in Myanmar.

June 10,2014

On June 4. 2014, Prof. Arnold Schilder, Chairman of the International Auditing and Assurance Standards Board (IAASB), and Mr. James Gunn, Technical Director of the IAASB visited the JICPA.

Prof. Schilder and Mr. Gunn were invited to the JICPA’s council meeting to introduce the recent activities of the IAASB with a focus on the revision of the auditor reporting standards. Their presentation was followed by the fruitful exchange of views on the subject of mutual interest between the IAASB leadership and JICPA council members.

Main theme of the presentation is as follows:

・ Feedback on Key Audit Matters and Going Concern that had been proposed in the July 2013 Exposure Draft “Reporting on Audited Financial Statements: Proposed New and Revised International Standards on Auditing (ISAs)”

・ Exposure Draft ISA720 (Revised) “The Auditor’s Responsibilities Relating to Other Information”

・ Exposure Draft “Addressing Disclosures in the Audit of Financial Statements”

・ Feedback on Consultation Paper “Strategy 2015–2019 Work Program 2015–2016” .