Issuance of JMIS Exposure Draft No. 2, Proposed amendments to “Japan’s Modified International Standards (JMIS): Accounting Standards Comprising IFRSs and the ASBJ Modifications”

17 March 2016

In June 2015, the Accounting Standards Board of Japan (‘ASBJ’) issued “Japan’s Modified International Standards (JMIS): Accounting Standards Comprising IFRSs and the ASBJ Modifications”. JMIS was issued as a result of the endorsement process covering Standards and Interpretations (collectively referred to as ‘Standards’) issued by the International Accounting Standards Board (‘IASB’) as at 31 December 2012.

Since then, the ASBJ examined the Standards issued by the IASB during 2013, and today, the ASBJ issued JMIS Exposure Draft No. 2, Proposed amendments to “Japan’s Modified International Standards (JMIS): Accounting Standards Comprising IFRSs and the ASBJ Modifications”, which was approved at its 331st Board meeting held on 9 March 2016.

How to access the Exposure Draft

The Exposure Draft and the related documents are available below.

• Issuance of JMIS Exposure Draft No. 2, Proposed amendments to “Japan’s Modified International Standards (JMIS) Accounting Standards Comprising IFRSs and the ASBJ Modifications”
• [DRAFT] Application of “Japan’s Modified International Standards” (comparative version)
• [DRAFT] Application of “Japan’s Modified International Standards” (full version)
• [DRAFT] ASBJ Modification Accounting Standard No. 2 “Accounting for Other Comprehensive Income” (comparative version)
• [DRAFT] ASBJ Modification Accounting Standard No. 2 “Accounting for Other Comprehensive Income” (full version)