057 Tokyo Stock Exchange “improvement of credibility of Mothers and preparation of listing system for more activation of its market”
Tokyo Stock Exchange issued a general plan of “improvement
of credibility of Mothers and preparation of listing system
for more activation of the stock market” on Dec. 28. It especially
covers a plan for recovering its credibility as a market after
the last year’s revelation of a window-dressing, and it also
requires market players to make some effort. Therefore, they
have asked Japanese Institute of CPA to improve the quality
of audit, and JICPA issued a related document accordingly.
It seems that accountants and auditors have lots to deal
with in their work; IFRS and revision of internal control and
quarterly reports. It is going to be a tough year because they
have to adapt themselves to changing situations as it was
last year.
