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Report on IFRS adoption by Japanese companies

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15 Apr 2015

The Financial Services Agency of Japan (FSA) has released a report studying IFRS adoption by Japanese companies. The report is primarily intended to provide information for Japanese companies planning to move to IFRSs to further increase voluntary adoption of IFRSs by public companies in Japan. However, it also offers insights into the progress of adoption of IFRSs in Japan in general.

The 77-page report, which is predominently based on responses to a questionnaire that 65 companies provided, covers 1) the respondents' motivation to adopt IFRSs, 2) the migration process and project management structure, 3) the cost of adoption, and 4) implementation challenges. The full report is available free of charge on the FSA website (Japanese language only). An English translation of the main part is also available.

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