ASBJ releases Exposure Draft of Proposed Amendments to Accounting Standard for Quarterly Financial Reporting

The Accounting Standards Board of Japan (ASBJ) has today released for public comment an Exposure Draft of Proposed Amendments to Accounting Standard for Quarterly Financial Reporting (Exposure Draft of Statement, No.34).

ASBJ is deliberating to amend the requirements of notes in quarterly financial reports if significant doubt upon the entity’s ability to continue as a going concern is raised.

The comment deadline is June.8, 2009.

The document is available in Japanese only.