This section of Protiviti's "Guide to International Financial Reporting Standards" addresses common questions concerning the impact and implications of the International Financial Reporting Standards (IFRS) in Japan. Topics covered include: Is adoption of IFRS required or permitted in Japan? How will IFRS affect the statutory filings and consolidation reporting package for my company’s international reporting units, including its subsidiaries and affiliates? And, where can I find information on the differences between current Japanese GAAP and IFRS?