Japan 'designates' additional IFRSs
23 Sep 2012
On 21 September 2012, the Financial Services Agency (FSA) of Japan announced that additional IFRSs were designated for use by companies voluntarily applying IFRSs in Japan.
The FSA added all IASB pronouncements issued up to 30 June 2012 to the list of 'designated IFRSs'.
Such IFRSs include:
- Government loans - Amendment to IFRS 1 (issued in March 2012),
- Annual Improvements to IFRSs 2009-2011 Cycle (issued in May 2012), and
- Consolidated Financial Statements, Joint Arrangements and Disclosure of Interests in Other Entities: Transition Guidance - Amendments to IFRS10, IFRS11 and IFRS12 (issued in June 2012).
Consequently, IFRSs 'designated' for use by companies voluntarily applying IFRSs in Japan have become exactly the same as IFRSs as issued by the IASB as at 30 June 2012.
Please click for FSA press release (in Japanese only, link to FSA website).
