Japan proposes to 'designate' additional IFRSs

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31 Mar 2012

On 23 March 2012, the Financial Services Agency (FSA) of Japan proposed additional IFRS to be designated for use by companies voluntarily applying IFRSs in Japan.

The proposal intends to add all IFRSs (including amendments) released between 1 January and 31 December 2011 to the list of 'designated IFRSs'.

Such IFRSs include:

Public comments on the proposal are due by 23 April 2012.  The proposal is available on the FSA website (in Japanese).

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