Issuance of JMIS Exposure Draft No. 4, Proposed amendments to “Japan’s Modified International Standards (JMIS): Accounting Standards Comprising IFRSs and the ASBJ Modifications”

20 June 2017

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 30 September 2016 which become effective by 31 December 2017.

For this round the ASBJ undertook the endorsement process mainly on IFRS 15 Revenue from Contracts with Customers. Today, the ASBJ issued JMIS Exposure Draft No. 4, Proposed amendments to “Japan’s Modified International Standards (JMIS): Accounting Standards Comprising IFRSs and the ASBJ Modifications”, which was approved at its 362nd Board meeting held on 16 June 2017.

How to access the Exposure Draft

The Exposure Draft and the related documents are available below.