Japan recently enacted the Financial Instruments Exchange Law (FIEL), which includes a regulation entitled Management Assessment and Audit of Internal Control over Financial Reporting, that requires management to provide an assessment of its internal control over its financial reporting. The regulation also requires that the registrant obtain an auditor’s opinion on management's assessment. The regulation, commonly referred to as "J-SOX" named after the U.S. Sarbanes-Oxley Act, is applicable to companies that are publicly registered on Japanese stock exchanges and is effective for registrants’ fiscal years beginning on or after April 1, 2008.

While the new law is seemingly complex and confusing, we have developed a methodology to assist companies in efficiently developing a top–down, risk-based approach to implementing an effective compliance strategy. Our approach supports effectively managing costs for first-year compliance and beyond.

Learn more about J-SOX services

Subscribe to receive e-mail from the Japanese Services Group