What's New (Aug, 2017)

August 16,2017

On July 27, 2017, JICPA co-sponsored a forum entitled “Enhanced Transparency in Audit Firms and Audit Quality" to discuss how increased transparency could further contribute to the quality of audit in Japan. Following the opening remark by Aiko Sekine, Chairman and President of JICPA, Mr. Marek Grabowski, Director of Financial Reporting Council and Board Member of IAASB, presented a keynote speech in regards to the reform of disclosure and audit system for listed companies in the UK. Heated discussions followed by referring to the experiences and lessons learned in the UK for adopting the audit firm governance code and the extended auditor’s reports.

The details of the forum will later be reported in Nikkei newspaper.

August 16,2017

On July 19, 2017, the 51th JICPA Annual General Assembly was held at the Imperial Hotel, Tokyo. More than 1,000 members and associate members attended the meeting, which was also relayed to other regional chapters of the JICPA nationwide. At the opening, Prime Minister Shinzo Abe delivered a video message, and Mr. Taro Aso, Minister of State for Financial Services, as well as Mr. Akira Kiyota, Director & Representative Executive Officer, Group CEO of the Japan Exchange Group, Inc., presented congratulatory remarks.

Following the report of the results of the 51th fiscal year business plan and budget statements, all assembly agendas were approved. The party held after the assembly was also a success, with total of more than 500 guests attended, including Diet members and others from various fields.