Internal Control & SOX Advisory Service
1. Overview
Listed companies already have filed their reports on internal controls for the first year of adoption of SOX act in Japan. However, the companies need to evaluate their effectiveness of internal controls and remedy their ineffective controls continuously every year.
Most of the report on internal controls show that the managements express their internal controls is "effective", however, we believe that many of such managements still face lack of resources and knowledge for the second year evaluation on internal controls.
Furthermore, implementation of IFRS will enlarge the scope of evaluation of internal controls, because IFRS requires to account for allowances and reserves more severely than Japan GAAP. Also some of the agents and trading firms without inventory risks needs to reclassify their scope of material entities and segments of internal control reporting purpose. Therefore, such firms will face to restart from documentation of their internal controls in accordance with the new scope and segments for the reporting.
On the other hand, Companies in initial public offer need to establish from scrach, evaluate and report their internal controls with limited resources.
We believe that our professionals with wide experience in internal controls and SOX advisory services can support you flexibly and efficiently for all of these demands for your companies.
2. Content of Our Services
We categorize SOX project in five phases from "Decision of basic policy" to "overall evaluation of control effectiveness". We support you in each phase in establishing and evaluating the effectiveness of internal controls.
Our services can be divided into "cells". You can choose "cells" to focus on the important areas in your company and keep the consulting service cost low.
The “cells” can be divided into “modules”. You can choose “modules” to focus on the important areas in your company and keep the consulting service cost lowest.
For the customers, who are planning the initial public offering and have limited resources to establish and evaluate the internal controls, we recommend you to purchase our “Guidelines” and “Templates” first. These tools will help your person in charge to promote the project more smoothly. In case you need our support options, we offer you our professional advisory service and consulting additionally.
3. Advantages of Our Service
We respond your demands appropriately and efficiently by our solution packages of internal controls and SOX advisory.
