What's New (Jun, 2015)
JICPA hosts 30th Board Meeting & Annual General Meeting of CAPA
June 11,2015
On May 29, 2015, JICPA hosted 30th Board Meeting & Annual General Meeting of Confederation of Asian and Pacific Accountants (CAPA) in Tokyo, which was attended by more than 40 delegates from CAPA member bodies in Asian-Pacific region. In conjunction with the Board and Annual General Meeting, committee meetings were also held in two main focus areas of CAPA activities, professional accountancy organization development and public sector financial management.
During the Board meeting in Tokyo, CAPA delegates engaged in discussion on audit quality and oversight as well as on IFRS implementation, with notable inputs provided by representative from Certified Public Accountants and Auditing Oversight Board (CPAAOB), JICPA, IFRS Foundation Asia-Oceania office.
CAPA leadership was also invited to present its recent activities at JICPA’s council meeting held on May 27.
Strengthening Corporate Governance - CPAs' commitment renewed
June 9,2015
On May 15, 2015, JICPA issued a Chairman and President’s statement (JICPA Statement) to all of its members to closely study the new Corporate Governance Code issued by the Tokyo Stock Exchange (TSE), and ensure that they perform roles expected of CPAs, either as external auditors or outside directors, in deepening corporate governance practices in Japan.
The new Code and related rules entered into force on June 1, 2015, and are applicable to all listed companies on the First and Second sections of TSE.
They are formulated by TSE by following the “Japan’s Corporate Governance Code [Final Proposal] - Seeking Sustainable Corporate Growth and Increased Corporate Value over the Mid- to Long-Term” issued on March 5, 2015, by the Council of Experts Concerning the Corporate Governance Code under the Financial Services Agency of Japan. In preparing the Final Proposal, the Council referred to the principles-based models of OECD and other countries in Europe.
Utilizing the expertise and competence in the areas of accounting, auditing and business, the JICPA Statement strongly encourages its members to renew their commitments and assist companies in enhancing transparency in corporate management and achieving sustainable growth.
For more information about the Code, please refer to the following websites:
Council of Experts Concerning the Corporate Governance Code, “Japan’s Corporate Governance Code [Final Proposal] Seeking Sustainable Corporate Growth and Increased Corporate Value over the Mid- to Long-Term”
http://www.fsa.go.jp/en/refer/councils/corporategovernance/20150306-1.html
Enhancing the Corporate Governance (TSE)
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