Evaluated Prices: Japan Preps Change in Accounting Standards

TOKYO - Japan is in the process of moving to the international accounting standard IFRS, and firms are preparing for coming changes, including the use of fair-valuation methods, according to speakers at the Tokyo Financial Information Summit.

In 2007, the International Accounting Standards Board and the Accounting Standards Board of Japan (ASBJ) announced an agreement to accelerate convergence between Japanese GAAP and IFRS, a process that was started in March 2005. "In Japan, we're trying to do

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