News briefs

JICPA announces updates

The Japanese Institute of Certified Public
Accountants (JICPA) has participated in a project aimed at
improving accounting and auditing in Mongolia. As part of the
project, which is run by the Japan International Co-operation
Agency, the JICPA took on ten trainees from Mongolia for ten days
recently. The institute also announced that the 17th Conference of
the Confederation of Asian and Pacific Accountants, which was held
in Osaka recently, was a success. About 2000 people attended,
including participants from non-member jurisdictions such as Iran
and Russia.

IASB amends standards

The International Accounting Standards Board (IASB) has released an
exposure draft of proposed amendments to 25 IFRS under its first
annual improvements project. The proposals range from a
restructuring of IFRS 1 First-time Adoption of International
Financial Reporting Standards to minor changes of wording to
clarify the meaning and remove unintended inconsistencies between
the standards. The publication of the miscellaneous proposals in a
single document is intended to streamline the standard-setting

Practice certificates made simpler

The Institute of Chartered Accountants in England
and Wales (ICAEW) council has approved changes designed to ease the
process of obtaining practice certificates. The changes follow
consultation with members. ICAEW chief executive Michael Izza said:
“It will now be easier to see when or if a [practice certificate] is required, and the new arrangements will enable people to return
to practice more easily.”

New director for ACCA UK

The Association of Chartered Certified Accountants (ACCA) UK has
appointed a new director. Wyn Mears, who was previously acting head
of the association, began his new role this month. Mears said: “I
am looking forward to working with them to sustain our growth
across the country, to enhance our support for our students and
develop our services for, and engagement with, our 57,000 members
who are so well represented in every sector of business and the
public sector.”