Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.

Get updates on Compliance Week offerings, including new features, databases, research, and other resources, along with announcements of upcoming Webcasts, conferences, seminars, CPE/CLE opportunities and more.

Published every Thursday, Compliance Week Europe offers a condensed summary of risk, audit, and compliance news either originating in Europe, or of special interest to European compliance professionals. This newsletter will follow developments by the European Commission, as well as those of national governments across the region, or any U.S.-based news that might have consequence across the Atlantic. Frequency: weekly; Thursday a.m.

A fresh edition of Compliance Week delivered via e-mail and online every Tuesday morning, relentlessly focused on the disclosure, reporting and compliance requirements of our 25,000+ paying subscribers.

Published every Friday, Compliance Weekend was launched at the behest of subscribers, and offers a quick Plain English review of the week's key developments. We hope you enjoy this supplement to Compliance Week's Tuesday edition.


Status message

Start your free, no obligation 10-day trial to continue exploring with full access.

Japan to Revise Merger Accounting Rules

Nagano Yuriko | April 15, 2008

Japan is planning a major overhaul of its accounting rules, starting with how to account for mergers and acquisitions. The move is part of a broader effort to stay in step with the United States and Europe as they converge accounting rules worldwide.

An exposure draft of the merger accounting reforms is slated to be introduced in June by the Accounting Standards Board of Japan. It will be one of some short-term convergence projects, tackling issues such as eliminating the pooling-of-interests method of accounting for mergers. A wider overhaul of less-pressing accounting issues will follow, which the ASBJ hopes to complete by 2011.

The short-term convergence projects are to be finished by the end of December, based on an agreement the ASBJ and the International Accounting Standards Board reached last August. The two boards agreed to accelerate the convergence of Japanese Generally Accepted Accounting Principles and... To get the full story, subscribe now.