Sarbanes Oxley Compliance Professionals Association (SOXCPA)
the largest Association of Sarbanes Oxley professionals in the
world
Course
Title: Certified
Japanese Sarbanes Oxley Expert (CJSOXE)
Overview:
J-SOX is the
unofficial term that refers to Japan’s Financial Instruments and
Exchange Law, that was promulgated by the Japanese National Diet
in June 2006. J-SOX
refers to other laws, guidelines and standards as well.
All public
companies listed on the stock exchanges in Japan are required to
prepare and submit internal control reports on a consolidated
basis, for fiscal years beginning on or after April 1, 2008.
Most
of the 3,800 listed Japanese companies have a March 31 fiscal
year end, so management’s first filing of an evaluation of its
internal controls will be for the fiscal year ending March 31,
2009.
The reach
of J-SOX extends to subsidiaries outside Japan (in the USA and
Europe for example), because the provisions apply to the company
as a whole. The subsidiaries (outside Japan) are involved in the
testing and documentation of internal processes and controls.
Target Audience:
The
seminar has been designed to provide
managers, professionals, process owners and consultants working
in subsidiaries of companies listed in Japan, with the knowledge and skills
needed to understand and support compliance with the laws,
regulations and administrative provisions that are called J-SOX.
This seminar covers all the necessary knowledge for the
Certified JSOX Expert (CJSOXE) exam.
This
course is highly recommended for:
-
Decision
Makers, Managers and Officers working in
subsidiaries of companies listed in Japan
-
Risk Officers
-
Compliance
Officers
-
Auditors
-
IT Managers and Professionals
-
Process
Owners
-
Management Consultants
Course Synopsis:
J-SOX: The
international project
The reach of J-SOX extends to subsidiaries
outside Japan because the provisions apply to the company as a
whole
Understanding the environment
The Financial Services Agency (FSA, Japan)
The Certified Public Accountants and Auditing Oversight Board
(CPAAOB, Japan)
The Securities and Exchange Surveillance
Commission (SESC, Japan)
The Financial Instruments and
Exchange Act (FIEA)
Article 24,
Section 4, Paragraph 2 (Submission of Confirmation Letter for
Annual Securities Report) – similar
to Section 302 of the US Sarbanes Oxley Act
Article 24, Section 4, Paragraph 4 (System
for Ensuring Appropriateness of Statements on Finance and
Accounting and Other Information) and Article 193, Section 2,
Paragraph 2 (Audit Certification by Certified Public Accountants
or Audit Firm) - similar to Section
404 of the US Sarbanes Oxley Act
Article 193-2 (Audit Certification by
Certified Public Accountants or Audit Firm)
The Certified
Public Accountants Act
JICPA (Japanese Institute of
Certified Public Accountants) -
Quality Control Review System
The Auditing System in Japan
Auditing and Assurance Practice Committee Statement No.82 -
Practical Guidance for Audits of
Internal Control over Financial Reporting, October 24, 2007
On the Setting of the
Standards and Practice Standards for Management Assessment and
Audit concerning Internal Control Over Financial Reporting
(Council Opinions)” (2/15/2007)
System Management Standards - Guidance for
IT Controls over Financial Reporting
11 Misunderstandings of J-SOX
Basic
Guidelines on Information Requirements and Inspection on
Foreign Audit
Firms etc. by the Certified Public Accountants and Auditing
Oversight Board
Outline of Cabinet Office Ordinance Regarding
Foreign Audit Firms
Case Studies, Best Practices
Closing Remarks
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