What's New (Mar, 2008)
JICPA responds to Proposed Policy Statement - Guidance regarding Implementation of PCAOB Rule 4012
March 27,2008
The JICPA submitted comments on Proposed Policy Statement - Guidance regarding Implementation of PCAOB Rule 4012.
JICPA's comment letters to the PCAOB can be obtained at:
http://www.hp.jicpa.or.jp/english/images/4-51-4012-2-20080304.pdf
(PDF · 18.9KB)
JICPA issues amendments of pronoucements of Ethics Committee
March 24,2008
On February 13, 2008, JICPA Executive Board approved the following:
- Amendments to Interpretive Guidance for Independence (in response to the revision of the CPA Act), No.1-8 (interim reports);
- Amendments to "An Auditor's checklist", the research report of the Ethics Committee; and
- "An auditor's checklist for the audit of audit corporations", the research report No. 2 of the Ethics Committee.
These above decisions have been made to conform with the amended CPA Act, which will become effective on April 1, 2008.
The amended CPA Act requires limited liability audit corporations to have their financial statements audited by individual CPAs or audit corporations.
In that regard, the legal provisions provide specific independence requirements.
In response to the new requirements, the JICPA prepared an audit checklist, with references to Cabinet Orders and Cabinet Office Ordinances.
These documents are available in Japanese only.
The amended CPA Act requires limited liability audit corporations to have their financial statements audited by individual CPAs or audit corporations.
In that regard, the legal provisions provide specific independence requirements.
In response to the new requirements, the JICPA prepared an audit checklist, with references to Cabinet Orders and Cabinet Office Ordinances.
These documents are available in Japanese only.
Adobe Reader is required to see the PDF data.
