The trend toward a global securities market has been hindered by divergent national accounting and auditing standards. The increasing international focus of Japanese business and the diversification of Japanese corporations has highlighted the need for Japanese accounting standards to become more consistent with international standards. The author examines the progress Japan has made since 1986 in harmonizing their accounting and auditing standards with international practices. The author also examines recent revisions to Japanese security reporting regulations which make them more compatible with similar U.S. regulations.
Japanese Business Disclosure and Accounting Requirements,
16 Hastings Int'l & Comp. L. Rev. 205
Available at: https://repository.uclawsf.edu/hastings_international_comparative_law_review/vol16/iss2/6