ASBJ publishes amendments to 'Japan’s Modified International Standards'
31 Oct 2017
The ASBJ has issued amendments to ‘Japan’s Modified International Standards (JMIS): Accounting Standards Comprising IFRSs and the ASBJ Modifications'.
The amendments reflect the endorsement process on IFRS 15, Revenue from Contracts with Customers, and the amendments to IFRS 12 included in Annual Improvements to IFRS Standards 2014-2016 Cycle. For more information, see the press release and related documents on the ASBJ website (all documents available in the English language).
In addition, the ASBJ has issued JMIS Exposure Draft No. 5, Proposed amendments to “Japan’s Modified International Standards (JMIS): Accounting Standards Comprising IFRSs and the ASBJ Modifications,” which reflects the endorsement process on the amendments made by IFRS 9 (2014) and the Standards issued by the IASB as of 30 June 2017 and are effective on or after 1 January 2018. However, this endorsement does not include IFRS 16 Leases and IFRS 17 Insurance Contracts. For more information, see the press release and related documents on the ASBJ website (all documents available in the English language).
