Japanese Accounting and Auditing Topics

Japanese Accounting and Auditing Topics is hot topics and new pronouncements of Japanese accounting and auditing issues.

Each institution is presented as follows:
ASBJ：Accounting Standards Board of Japan
FASF：Financial Accounting Standards Foundation
JICPA：The Japanese Institute of Certified Public Accountant
FSA：Financial Service Agency
PITF：Practical Issue Task Force

December 2011

No.189: The Release of draft interim proposal for the reform of the system of laws for the Companies
No.188: The promulgation of “Amendment to the 2011 Tax Reform Bill” and “Special Measures to Secure the Financial Resources to Implement the Restoration from the Tohoku Earthquake”

November 2011

No.187: The publication of the Revised Ordinance for Enforcement of the Companies Act and Ordinance on Accounting of Companies
No.186: The publication of Cabinet Orders, Cabinet Office Ordinances, and others on 2011 Act on the Revised Financial Instruments and Exchange Act (enforcement within six months)
No.185: The exposure draft of the fundamental guideline for Small and Medium-sized Entities
No.184: The exposure draft of Cabinet Orders, Cabinet Office Ordinances, and others on 2011 Act on Revised Financial Instruments and Exchange Act (enforcement within a year)

October 2011

No.183: The tax treatment by a company in application of "Accounting Standard for Accounting Changes and Error Corrections" (information)
No.182: Publication of the revised Regulations on Consolidated Financial Statements, etc

September 2011

No.181: Exposure draft of the revised Ordinance for Enforcement of the Companies Act and Ordinance on Accounting of Companies
No.180: Publication of the revised Regulations on Consolidated Financial Statements, etc

August 2011

No.179: Publication of the revised Cabinet Office Ordinance on Disclosure of Corporate Information, etc
No.178: Exposure draft of the revised Regulations on Consolidated Financial Statements and others
No.177: Publication of the revised Cabinet Office Ordinance on Definitions under Article 2 of the Financial Instruments and Exchange Act etc.

July 2011

No.176: Release of the Amendments to the Accounting Guidelines for Small and Medium-sized Entities for the 2011 edition
No.175: Publication of ''Revision of the semi-annual auditing standards and quarterly review standards (Council Opinions)''
No.174: Publication of the revised Regulations on Financial Statements etc.

June 2011

No.173: Release of "Reminders for the preparation and filing of Annual report, and Focus points of Review (for fisical year ending March 2011)"

May 2011

No.172: Release of the Audit and Assurance Practice Committee Practical Guidelines No.84 "Consistency of accounting procedures for Annual Financial Statements and Interim Financial Statements"
No.171: Release of a report on ”the Panel on Non-consolidated Financial Statements”

April 2011

No.170: Revised Auditing and Assurance Practice Committee Statement No. 81 〝Tentative Audit Treatment for Depreciation〝
No.169: Exposure Draft of ''Revision of the semi-annual auditing standards and quarterly review standards''
No.168: Publication of the revised Cabinet Office Ordinance on Disclosure of Corporate Information, and others
No.167: Revised Accounting Practice Committee Statement No.4 “Practical Guidelines on Accounting for Foreign Currency Transactions”, etc.
No.166: Revised Auditing and Assurance Practice Committee Statement No.42 “Audit Treatment for Reserves of Special Taxation Measures Law, Provision or Reserves under the special law, and Provision for directors' retirement benefits”,etc.
No.165: Publication of the revised Regulations on Quarterly Financial Statements etc.
No.164: Publication of the revised Ordinance on Accounting of Companies
No.163: Exposure Draft of the Audit and Assurance Practice Committee Practical Guidelines ”Consistency of accounting procedures for Annual Financial Statements and Interim Financial Statements”
No.162: Notification from the　Chairman and President of JICPA (kaichou-tuuchou)　”Auditing treatment for disaster from the North Eastern Japan Earthquake”
No.161: Revision of the Standards and Practice Standards for Management Assessment and Audit concerning Internal Control Over Financial Reporting　(Council Opinions)

March 2011

No.160: Revised Accounting Standard for Consolidated Financial Statements and related Implementation Guidance and Practical Solution
No.159: Revised Accounting Standard for Quarterly Financial Reporting and related Standard and Implementation Guidance
No.158: Revised Practical Solution on Tentative Treatment of Tax Effect Accounting Under Consolidated Taxation System(Part 1)
No.157: Issue Paper on improvements of Accounting Standard for Financial Instruments (Classification and Measurement of Financial Liabilities)
No.156: Exposure Draft of the revised Audit and Assurance Implementation Committee Report No. 81“Tentative Audit Treatment for Depreciation”

February 2011

No.155: Exposure Draft of Proposed Amendments to Practical Solution on Tentative Treatment of Tax Effect Accounting Under Consolidated Taxation System(Part 1)
No.154: Exposure draft of Cabinet Order on the Partial Revision of Order for Enforcement of the Financial Instruments and Exchange Act, and others
No.153: Exposure draft of the revised Ordinance on Accounting of Companies
No.152: ASBJ released Discussion Paper on Revenue from Contracts with Customers
No.151: Exposure draft of the revised Auditing and Assurance Practice Committee Statement No.42 “Audit Treatment for Reserves of Special Taxation Measures Law, Provision or Reserves under the special law, and Provision for directors' retirement benefits”,etc.
No.150: Exposure draft of the revised Accounting Practice Committee Statement No. 4 “Practical Guidelines on Accounting for Foreign Currency Transactions”, etc.

January 2011

No.149: Release of a report on ‘Development of the Disclosure Rules for Smooth Implementation of “Rights Offering”’ by Disclosure system　Working Group
No.148: Revision of Accounting Practice Committee Statement No. 6 “Practical Guidelines on Accounting for Tax Effect in Preparing Consolidated Financial Statements” ,etc.
No.147: Publication of the revised Cabinet Office Ordinance on Disclosure of Corporate Information
No.146: ASBJ released Discussion Paper on Accounting for Leases
No.145: Publication of the final version for “The Action Plan for the New Growth Strategy”
No.144: Exposure draft of the revised ''Standards and Practice Standards for Management Assessment and Audit concerning Internal Control Over Financial Reporting''
No.143: Revised “Illustrative business reports for Companies required by Regulations on Financial Statements and Ordinance for Enforcement of the Companies Act
No.142: Proposed 2011 Tax Reform (corporate tax)
No.141: Release of Exposure Drafts on simplification of disclosures in quarterly financial statements.

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