What's New (Mar, 2012)

March 26,2012

This survey of audit engagements of financial statements was conducted based on the summary reports of audit engagements submitted by audit firms by November 30, 2011. The survey covers the audits of financial statements for the fiscal year ended March 2011. The results include the numbers of personnel involved, the hours spent, and audit fees, broken down by revenue scale and by industry.

The report is available only in Japanese.

March 26,2012

The special lecture meeting on the "Outlook and Issues for the application of IFRS in Japan" was held on March 1, 2012, to celebrate the 3rd anniversary of the founding of the Japan Foundation for Accounting Education and Learning (JFAEL). JFAEL was established, on July 2009, mainly by the CPA profession, with the cooperation of business and academic communities and other parties, in order to identify, among others, the needs in accounting education and training of those parties interested in accounting and auditing, including CPAs, successful candidates of the CPA examination, and other practitioners (For details about JFAEL, please refer to http://www.hp.jicpa.or.jp/english/news/2009/09/).

Mr. Tsuguoki (Aki) Fujinuma, Vice-Chair, and Mr. Noriaki Shimazaki, Trustee of the IFRS Foundation, as well as professor Shinji Hatta of the graduate school of  Aoyama Gakuin University respectively gave commemorative lectures in part 1 of the meeting, and for the part 2, the panel discussion on the "Accounting Strategy and Accounting Education for IFRS" was coordinated by professor Takashi Hashimoto of the graduate school of Aoyama Gakuin University, with panelists from companies, audit firms, and academic communities.