BAC report recommending greater use of IFRS in Japan now available in English translation

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01 Jul 2013

On 20 June 2013, Japan’s Business Accounting Council (BAC) issued its final report on the use of International Financial Reporting Standards (IFRSs) in Japan. The report recommends a number of measures, and may result in four possible sets of accounting standards that could be used by Japanese public companies, including greater, but not mandatory, use of IFRSs or IFRS-based standards.

So far, the report was only available in the Japanese language. The Financial Services Authority of Japan (FSA) has now published an English language translation of the report.

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