Internal Control (SOX)

Our risk solution services provide advisory services matched to our clients' management strategies using the latest information and our extensive practical experience relating to every field including governance, risk management, compliance and crisis management.
We also provide support for identifying solutions and putting the plans into effect through the establishment of an internal audit structure, outsourcing, introduction of internal audit tools and support for the human resource development of internal audit concerning the establishment and assessment of internal controls for financial reporting, effectiveness of performance, internal control services for improvement of enterprise value.

J-SOX   US-SOX

Support for the U.S. Sarbanes-Oxley Act

The Sarbanes-Oxley Act enacted in the U.S. ("Public Company Accounting Reform and Investor Protection Act", hereinafter referred to as the "U.S. SOX") requires that the U.S. listed companies' design and operate their internal controls appropriately. Specifically, management is required to prepare the company's reports with regard to the assessment of internal controls on financial reporting and affirm the adequacy of those documents. Moreover, the U.S. SOX regulates the criminal responsibilities of infringement of these rules. We provide clients with consulting services on project management, documentation, and assessment tests as support for the U.S. SOX, especially Section 404 of it.

Interpretation

By enhancing the transparency and accuracy of business accounting and financial reporting, the U.S. SOX, which is a U.S. federal law, aims to fundamentally restructure the corporate governance and auditing systems of business and regulate managements' responsibilities and duties, as well as standardize the criminal charges to investors. Section 404 of the U.S. SOX requires businesses to clarify and document certain data and operating processes related to preparing financial reporting to ensure the transparency of financial reporting.

Please refer to the following link for internal control updates.
Internal Control Updates

Advantages on Our Services

We provide clients with consulting services on project management, documentation, assessment tests and compliance with Section 404 of the U.S. SOX.
The followings are the advantages of our services for compliance with U.S. SOX:

  • * We have a number of professionals who have participated in projects to support compliance with the U.S. SOX. Therefore, we are able to provide clients with consolidated know-how;
  • * Our Professionals with experience in major audit firms provide advice on how to manage audit firms logically and persuasively; and
  • * Through "JBA Research Center" which is part of our professional organization, we share the most up-to-date and specialized know-how. This allows us to provide clients with better services that reflect amendments to regulations and accounting standards in a timely manner.

Past Performance

Major financial institutions (Listed on SEC, Listed on the first section of the Tokyo Stock Exchange) / Medium-sized financial institutions (Listed on SEC, Listed on the first section of the Tokyo Stock Exchange) / Others

Support for J-SOX

"Standards for Management Assessment and Audit concerning Internal Control over Financial Reporting (hereinafter referred to as the "J-SOX")" was published and came into effect for listed companies and their consolidated subsidiaries in the fiscal years starting on or after April 1, 2008.
We provide clients with support services such as design, assessment and audit response for internal control for J-SOX.

Interpretation

The J-SOX is a part of the Financial Instruments and Exchange Law and it is modeled on the U.S. SOX that aims to prevent accounting scandals and lack of compliance.
J-SOX aims to establish high quality financial accounting audit system and strengthen internal controls of all listed companies and their consolidated subsidiaries.
A company that has adopted J-SOX must submit a report in which evaluation is made with regard to its system and its appropriateness for the preparation of statements on finance and accounting and other information to which the company belongs and concerning the company (hereinafter referred to as an "Internal Control Report") together with an Annual Securities Report for each business year.
The Internal Control Report requires an audit certification by a certified public accountant or audit firm.

Please refer to the following link for internal control updates.
Internal Control Updates

Advantages on Our Services

We provide clients with consulting services on project management, documentation, assessment tests and compliance with Financial Instruments and Exchange Act (J-SOX).
The followings are the advantages of our services for compliance with J-SOX:

  • * We have a number of professionals who have participated in projects to support compliance with J-SOX Therefore, we are able to provide clients with consolidated know-how;
  • * Our Professionals with experience in major audit firms can provide advice on how to manage audit firms logically and persuasively; and
  • * Through "JBA Research Center" which is part of our professional organization we share the most up-to-date and specialized know-how. This allows us to provide clients with better services that reflect amendments to regulations and accounting standards in a timely manner.

Past Performance

Major Insurance Group (Listed on the first section of the Tokyo Stock Exchange) / Electric Power Group (Listed on the first section of the Tokyo Stock Exchange) / Manufacturing Group (Listed on the first section of the Tokyo Stock Exchange) / Others

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