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New IFRS Foundation liaison office in Tokyo

  • IFRS Foundation (blue) Image

10 Feb 2011

The IFRS Foundation, the oversight body of the International Accounting Standards Board (IASB), has announced its intention to open an office in Tokyo for enhanced liaison in the Asia-Oceania region.

While the IASB technical staff will remain based in London, the establishment of the Tokyo office will expand opportunities for direct contact between the IFRS Foundation and its stakeholders in the region.

Tsuguoki (Aki) Fujinuma, one of the vice-chairs of the IFRS Foundation Trustees stressed the importance of having a liaison office in a region with many jurisdictions moving toward IFRSs: "This important announcement reflects a strong regional commitment to international standards, and the need for the views of Asia-Oceania stakeholders to be adequately considered during the IASB's decision-making process. Adoption of IFRSs is widespread in Asia-Oceania."

In his speech given in Brussels yesterday, Hans Hoogervorst, future chairman of the IASB, also stressed the need to strengthen the IASB's outreach activities: "Still, we need to build on existing outreach efforts to ensure that participants around the world are heard and their views given due consideration by the Board. The opening of a regional office in Japan is an important step in that direction."

Please click for IFRS Foundation press release (PDF 35k).

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