US GAAP standards are cited by ASC number, such as ASC 815 and ASC 820. ASC 815 applies to derivatives and hedging, and all derivatives are measured at fair value.
In Japan, the Regulation on Terminology, Forms and Preparation Methods of Consolidated Financial Statements allows a company registered with the US Securities and Exchange Commission to file US-style consolidated financial statements. These are statements prepared in the format required for issuing American depositary receipts. The company may do so only when the Commissioner of the Financial Services Agency permits it.