APEC Economy: Japan

Accountancy Services – General background

The provision of the following accountancy services requires a license from a regulatory body:

A CPA can provide tax services as a licensed tax accountant upon registration in the registry of licensed tax accountants.

Licensing Requirements

The contact details of the organisation(s) that control the licensing of accountants and the applicable regulations to licensing in this economy are as follows:

Licensing of Foreign Nationals

Under the Article 16-2 of the CPA Act, it is stipulated that a foreign accountant, who has a qualification equivalent to the qualification of a certified public accountant in a foreign state and has a reasonable knowledge of Japanese laws and regulations concerning accounting, may be eligible to sit for an examination and screening conducted by the Certified Public Accountants and Auditing Oversight Board (CPAAOB), and only those foreign accountants who pass this examination and screening may obtain a permission to provide limited accountancy services prescribed in Article 2 of the CPA Act.

Examination

The examination is held annually, only in Japanese. It consists of a multiple-choice test and an essay. Successful candidates of the multiple-choice test are entitled to sit for the essay part of the examination.

Professional accountancy education

Successful candidates of the CPA examination are required to complete three-year long professional accountancy education program provided by a body consisting of certified public accountants or any other institution certified by the Prime Minister.

Experiences

Practical audit experience at an accounting firm or specific training in industry, financial institution, or government regarding auditing, analysis or any other practice related to finance for a minimum of two years is required.

Membership

It is mandatory for CPA’s to be registered as members of the Japanese Institute of Certified Public Accountants (JICPA).
Foreign nationals and residents are permitted to take the CPA examination, and if they satisfy all the requirements described above, they will become fully licensed accountants.

Limited Licence

A foreign accountant cannot obtain a limited licence to provide accountancy services in this economy.

Professional Accounting Bodies

Membership of the local professional body is required to provide professional accountancy services in this economy.
There are two professional accountancy bodies in this economy:

Organisation 1:

The Japanese Institute of Certified Public Accountants

Contact Name /Department:

International Affairs Department

Address:

4-4-1, Kudan-Minami, Chiyoda-Ku

City/Town:

Tokyo

ZIP/ Postcode:

102-8264

Economy:

Japan

Email address:

international@sec.jicpa.or.jp

Phone number:

+81-3-3515-1130

Website:

http://www.jicpa.or.jp/n_eng

Levels of membership:

Regular member
Associate member

Eligibility to other bodies in the APEC economies

Nil

Alliance & MOUs

Nil

Organisation 2:

Japanese Federation of Certified Public Tax Accountants Association

Contact Name:

Ken Ishida

Address:

8F 1-8-11 Ohsaki Shinagawa-ku

City/Town:

Tokyo

ZIP/ Postcode:

141-0032

Economy:

Japan

Email address:

ishida@nichizeiren.jp or gyomu1@nichizeiren.jp

Phone number:

+81(3)5435-0931

Website:

http://www.nichizeiren.jp

Levels of membership:

Full member refer to http://www.nichizeiren.or.jp/eng/membership.html

Eligibility to other bodies in the APEC economies

Nil

Alliance & MOUs

Nil

Temporary practice arrangements

Entry and Visa requirements

Foreign visitors staying in Japan for a short term are required to obtain a temporary visitor visa when their activities are participating in lectures or meetings,business contact or other similar activities without remuneration

Working Visas (mid-term)

Certified public accountants of Japan and foreign certified public accountants registered in Japan are eligible to apply for a working visa and are granted a visa valid either for 1 or 3 years.

To facilitate the application process, applicants are encouraged to obtain a Certificate of Eligibility issued by the Ministry of Justice, for which a member of staff of the organization wishing to accept the foreign national concerned, or by some other agent, as provided for by a Ministry of Justice ordinance, may apply by contacting their local immigration office.
Applicants must submit a valid passport, a passport-sized photo and a visa application at the Japanese Embassy or Consulates General for visa application. In addition, they are encouraged to submit the Certificate of Eligibility along with other documents. After obtaining the visa, applicants can submit the Certificate of Eligibility at the landing examination to prove that they conform to landing condition. A Certificate of Eligibility is only valid for 3 months after being issued, thus, the visa application must be submitted within the period if they intend to use the Certificate in the process.

Multiple entry visas valid for 5 years may be issued for individuals who meet certain criteria. Details are available at http://www.mofa.go.jp/j_info/visit/visa/topics/multiple.html

Rules on firms and commercial association

In this economy:

Other regulatory issues

In this economy there are:

Additional information relevant to the Accounting profession

There are two kinds of partners at an audit corporation:

To become a specified partner, it is required to go through a screening process and register with JICPA as an associate member.

Percentage of specified partners is limited to 25% of total number of the partners of an audit corporation.
As for non-audit services, a specified partner is permitted to conclude a contract, perform its work and work as an assistant. As for audit services, a specified partner is permitted to work as an assistant.

Contact Details

No additional contacts available.