Issuance of JMIS Exposure Draft No. 6, Proposed amendments to “Japan’s Modified International Standards (JMIS): Accounting Standards Comprising IFRSs and the ASBJ Modifications”

18 June 2018

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 have been issued as a result of the endorsement process covering Standards issued by the IASB by 30 June 2017, except for IFRS 16 Leases and IFRS 17 Insurance Contracts.

For this round, the ASBJ undertook the endorsement process on IFRS 16 and Standards issued by the IASB between 1 July 2017 and 31 December 2017. Today, the ASBJ issued JMIS Exposure Draft No. 6, Proposed amendments to “Japan’s Modified International Standards (JMIS): Accounting Standards Comprising IFRSs and the ASBJ Modifications”, which was approved at its 386th Board meeting held on 7 June 2018.

How to access the Exposure Draft

The Exposure Draft and the related documents are available below.