What's New (May, 2017)
JICPA announces the recipients of its 45th Academic Award
May 26,2017
On 15 May, 2017, JICPA announced the recipients of its 45th academic award, namely, Dr. Masahiro Kozuka and Dr. Tomonari Yashiro. The award will be presented at the JICPA annual general assembly scheduled in July.
This award is bestowed upon outstanding publications and research papers contributed to enhancing the accounting profession. Annually, the Award Nomination Committee selects books and academic papers in the area of accounting, auditing, tax, business and public sector.
For more information, please visit the following website (Japanese only).
The analytical report on auditors and audit fees of listed companies for 2017 is available
May 26,2017
On May 18, 2017, a study group led by Dr. Yoshihiro Machida, Professor at Graduate School of Accounting, Aoyama Gakuin University, has released the analytical report on auditors and audit fees of listed companies in Japan for 2017 as part of a research project commissioned by JICPA.
For more information, please visit the following website (Japanese only).
"The Future of Accounting and Auditing" Forum was successful
May 8,2017
On March 22 and 23, 2017, a two-day forum with a focus on recent global trends in accounting and auditing was hosted by JICPA and the Nikkei Inc..
During the first day of the event, Ms. Rachel Grimes, President of International Federation of Accountants (IFAC) gave a keynote speech on the social significance of the accounting profession, followed by a special remarks on challenges and opportunities for accounting and auditing by Mr. Fayezul Choudhury, CEO of IFAC. Heated discussion over a next-generation audit utilizing IT followed after the speeches, with panelists from CPAs, corporate financial officers and data analysis experts.
The second day of the event, entitled “Time for a Change of CPA Audit – Embarking on a New Era of Quality Competition,” was hosted by JICPA to discuss on how we work together to achieve enhanced audit quality. A number of talks were provided, including on the topics on the sharing of the roles between various stakeholders and auditors in the financial reporting supply chains, enhancing the transparency of CPA audits through Audit Firm Governance Code, and strengthening the quality control review system.
Myanmar CPAs visit Tokyo as part of capital market training program of JICPA-MICPA-DMJF
May 1,2017
For the week of 10th, April, 2017, three CPAs from Myanmar Institute of CPAs (MICPA) visited Tokyo as part of capital market training program, accompanied by Mr. U Maw Than, Union Auditor General. Pursuant to the MoU signed by JICPA, MICPA, and Daiwa-Myanmar-Japan-Foundation (DMJF), this program has been established for Myanmar CPAs to enhance their understanding on the rules and operations of capital markets and role of CPAs in them with other related topics.
A variety of topics were covered during the week-long training, including, for example, the development of audit firms in Japan, current trend of governance, risk management and auditor independence. At their visit to JICPA, an overview of quality control review system was provided to contribute to their further understanding of the roles and responsibilities of the accountancy profession in Japan for the healthy functioning of the capital markets. The training also included visits to relevant stakeholders in Tokyo, such as audit firms, Financial Services Agency, Japan Stock Exchange and Asia-Oceania Office of the IFRS Foundation.
JICPA hopes to keep strengthening ties with MICPA and continue to support the development of the CPA profession and capital markets in Myanmar.
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