J-SOX versus U.S. Sarbanes Oxley Act Specifics of J-SOX requirements

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J-SOX Compliance

Our five phase approach provides guidance for successful compliance of J-SOX requirements within your organization.

Planning & Scoping:
- Evaluate and Compare J-SOX to US-SOX Requirements on a Company Level
- Establish Materiality Threshold Metrics
- Assess Risk at the Company Level with Emphasis on Safeguarding of Assets and IT Control Environment
Control Assessment:
- Evaluate company-level internal controls
- Evaluate process-level internal controls over closing and financial reporting
- Evaluate process-level internal controls other than closing and financial reporting processes
Risk Assessment & Control Design:
- Determine and Rate the Inherent Risk
- Review Internal Control System Designed and Implemented by the Management
- Align the Control Activities to the Risk at the Company Level
- Identify Key Controls
Testing & Evaluating Controls:
- Develop Test Plans based on the Significance and Type of Control
- Review Test Plans with Management with Consideration of Implemented Internal Control System
- Perform Test Execution
Deficiency Assessment & Conclusion Report:
- Evaluate Identified Control Deficiencies
- Communicate Identified Control Deficiencies to Management
- Prepare Conclusion Report
- Provide Response to IT