What's New (Apr, 2013)
Japan's Business Accounting Council meets to resume discussions on IFRS
April 23,2013
Japan's Business Accounting Council (BAC) met on 26 March 2013 to resume its deliberations about the use of International Financial Reporting Standards (IFRSs) in Japan. Following the March meeting, BAC met on 23 April 2013 to continue its deliberations about the use of IFRSs, and the meeting was observed that there was no objection against the idea of lowering the existing regulatory hurdle for voluntary use of IFRSs by amending the eligibility criteria.
FSA publishes provisional translation of the "Opinion on the Standard Setting to Address Risks of Fraud in an Audit"
April 12,2013
On April 11, 2013, the Financial Services Agency of Japan published provisional translation of the "Opinion on the Standard Setting to Address Risks of Fraud in an Audit" approved by the Business Accounting Council (BAC) on March 26, 2013.
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