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February 10, 2011

IFRS Foundation opens Tokyo office

The IFRS Foundation will open its first regional office in Tokyo to enhance communication between the global standard setter and stakeholders in the region.

The IFRS Foundation station International Accounting Standards Board staff in Tokyo to facilitate consultations and provide assistance to countries using or planning to adopt IFRS.

“This important announcement reflects a strong regional commitment to international standards, and the need for the views of Asia-Oceania stakeholders to be adequately considered during the IASB’s decision-making process,” IFRS Foundation trustee vice-chairman Tsuguoki Fujinuma said.

“Adoption of IFRS is widespread in Asia-Oceania. Here in Japan, companies are now permitted to use IFRS and the Japanese FSA is expected to make a decision on mandating adoption of IFRS in 2012.”

 

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