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Demand for internal control translation has grown significantly in recent years. Our Internal Audit & Control translation service handles a wide range of internal control documents, including process narratives, flowcharts, risk assessments, ERP and accounting system documentation.
Introduced in April 2008 for all listed companies under the Financial Instruments and Exchange Act (often called J-SOX). Management must document the procedures and rules for preparing accurate financial statements, review them every fiscal year, and prepare an internal control report presenting the results. A certified public accountant audits whether the report is appropriate, and the report is disclosed to investors. The system aims to prevent accounting fraud by requiring management to establish proper internal structures.