Issuance of JMIS Exposure Draft No. 3, Proposed amendments to “Japan’s Modified International Standards (JMIS): Accounting Standards Comprising IFRSs and the ASBJ Modifications” 

6 December 2016

The Accounting Standards Board of Japan (‘ASBJ’) undertakes the endorsement process on the Standards and Interpretations (collectively referred to as ‘Standards’) issued by the International Accounting Standards Board (‘IASB’) and issues “Japan’s Modified International Standards (JMIS): Accounting Standards Comprising IFRSs and the ASBJ Modifications”. To date, JMIS has been issued as a result of the endorsement process covering Standards issued by the IASB as at 31 December 2013.

For this round the ASBJ undertook the endorsement process on the Standards issued by the IASB from 1 January 2014 to 30 September 2016 which become effective by 31 December 2017. Today, the ASBJ issued JMIS Exposure Draft No. 3, Proposed amendments to “Japan’s Modified International Standards (JMIS): Accounting Standards Comprising IFRSs and the ASBJ Modifications”, which was approved at its 350th Board meeting held on 2 December 2016.

How to access the Exposure Draft

The Exposure Draft and the related documents are available below.

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