Corporate Governance and Internal Control based on J – SOX joint seminar
August 10, 2018
MBG Corporate Services comprising of Mr. Naresh, Mr. Abhinav and the JapanDeskteam (Mr. Oue – Speaker, Mr. Miyahara, Mr. Ikeda & Ms. Yamane) lead the keynote topic on “Corporate Governance and Internal Control based on J – SOX”.
The Japan Desk Team explained that internal control is a procedure or policy put in place by management:
- To Safeguard Assets
- Promote Accountability
- Increase Efficiency
- Stop Fraudulent Behavior
- To protect investors by improving the accuracy & reliability of corporate disclosures
- To improve efficiency & effectiveness of operations of the company
Japan Sarbanes-Oxley has two primary objectives; one is to charge management of listed companies with annually assessing the design and operating effectiveness of internal control. The other requires external auditors to issue a report of the effectiveness of internal control over financial reporting. Subsidiary of all the companies that have been listed in Japanese Stock Exchange are required to assess the effectiveness of Internal Control of Financial Reporting and to prepare the internal Control Report.
MBG Corporate Services is a Strategic & Global Corporate Consultancy covering a multitude of Corporate Advisory Services. For more than 15 years, we have been a reliable partner for 60+ fortune 500 companies. Our clientele includes more than 1000+ Japanese, Indian, German, US, Middle East and other European Enterprises and Conglomerates across diversified sectors.