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ASBJ requests one-month deferral of the comment deadline for the Conceptual Framework ED

  • ASBJ (Accounting Standards Board of Japan) Image

10 Aug 2015

The Accounting Standards Board of Japan (ASBJ) has sent a letter to the IASB asking to extend the comment period related to the Exposure Draft (ED) by one month.

The ASBJ cites the following reasons:

  • The ASBJ has found that some of the proposals in the ED require additional consideration.
  • The ASBJ has requested its constituents to send their comments to the ASBJ one month beofre the IASB comment period ends. This is to be able to analyse constituents' comments more deeply but it also means that constituents have less time to react.
  • The ASBJ intends to conduct outreach activities.
  • The ASBJ wants to be able to contribute proactively to the framework project.

Please click to access to the letter sent to the IASB on the ASBJ website.

Last month, the European Financial Reporting Advisory Group (EFRAG) had also requested to extend the comment period related to the exposure draft.

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