Mitsuhiro Takemura Appointed as the Incoming Office Director of IFRS Tokyo Office

The International Financial Accounting Reporting Standards trustees shared that Mitsuhiro Takemura has been appointed as the incoming Office Director of the IFRS Foundation’s Asia-Oceania liaison office.

The Foundation had set up the Tokyo office in the month of February in 2011 for the purpose of expanding opportunities related to direct communication between the Tokyo based stakeholders of IFRS and the IFRS Foundation.

Takemura would handle the responsibility related to the liaison office’s operations. The IFRS Foundation is expecting that the Tokyo office would evolve into a regional research related hub, which would support the fact discovering activities and research related procedures of the International Accounting Standards Board.

Takemura will be the first contact point for stakeholders from the region of Asia-Oceania and would also serve as the medium of forwarding all the contributions from the Asia-Oceania region to the International Accounting Standards Board’s standard designing activities.

At present, Takemura is a Deloitte partner, an ex visiting member of the IASB and an ex member of the Japan’s Accounting Standards Board technical members. The Asia-Oceania based liaison office would be inaugurated in the month of October 2012. The liaison office’s location was selected after consulting with all the trustees and the members of the IASB, including the ones from the region of Asia-Oceania.

Takemura has sound knowledge around setting of standards since he has been in the technical department of the International Accounting Standards Board. In addition to this, Takemura also has vast experience in matters associated with enterprise auditing since he has worked with Deloitte.

Sharing his opinion on the appointment of Takemura, IFRS Foundation Trustees’ Chairman, Michel Prada stated that he was glad that Takemura has been appointed as the incoming Office Director of the IFRS Foundation’s Asia-Oceania liaison office.

Prada also stated that Takemura has a vital role to play in terms of ensuring that the 1^st liaison office would achieve success in its objective of strengthening, engaging and co-operating with the region of Asia-Oceania in the tasks of the International Accounting Standards Board. Prada also clarified that since Takemura comes from an auditing and standard creating background, he is well aware of the challenges and issues associated with the standard designing process.