Japanese regulator proposes wider IFRS reporting, approves IASB amendments
09 Aug 2010
The Financial Services Agency (FSA) of Japan has proposed to extend IFRS reporting in Japan to optionally include consolidated financial statements of non-public subsidiaries of domestic IFRS issuers. The proposals were issued on 4 August 2010 and comments on the proposals close on 3 September 2010.
The FSA has also approved the following IFRSs and related Interpretation, issued by the IASB in the first half of 2010, for use in Japan:
- Limited Exemption from Comparative IFRS 7 Disclosures for First-time Adopters — amendment to IFRS 1 (Jan 2010)
- Improvements to IFRSs (May 2010), including amendments to IFRIC 13
Click for:
- FSA proposal to expand the scope of IFRS reporting (from the FSA website, in Japanese)
- FSA announcement on IFRS endorsements (from the FSA website, in Japanese)
- Our Japan country page
- Our newsletter on the IFRS 1 amendments (PDF 75k)
- Our newsletter on Improvements to IFRSs May 2010 (PDF 77k).
