ABeam Consulting Limited (Hereinafter, ABeam Consulting) announced
that they have established a new division "J-SOX Initiative" with 200
consultants to strengthen global support for Japanese companies that
need J-SOX compliance for their overseas offices and subsidiaries.
The so-called "J-SOX Act" will be enforced for Japanese listed
companies and their consolidated subsidiaries from fiscal year
starting April 2008 onwards. J-SOX requires the development and
operation of Internal Controls and establishing the assessment process
for sites that have a major impact on the consolidated global
financial report. This may include overseas offices and subsidiaries.
ABeam Consulting provides various consultancy services to overseas
offices of clients in local languages. For J-SOX specifically, it has
now inaugurated a "J-SOX Initiative" division, which is focused on
working with its overseas offices to meet the clients' needs. 13
regional representatives (Principal level) are conducting business to
strengthen internal controls and to support the assessment process of
clients. Services offered include establishing a global approach for
controls, developing a compliance methodology, testing and evaluation
of controls, solutions for remediation and business improvement,
information sharing and knowledge transfer, training and aligning with
vendors solutions and tools.
There are now approximately 200 consultants providing services to
domestic and overseas offices of clients. Among these, almost all
multi-lingual consultants working overseas have US-SOX experience and
have been trained for J-SOX. They bring relevant experience and
provide immediate value by utilizing "ABeam ICMS Framework", the
methodology of ABeam Consulting.
Clients will be able to establish their Internal Control system
successfully, within the limited remaining time frame, without
concerns of resource shortage and communication quality, by utilizing
the expertise that ABeam Consulting has developed, through it's
numerous global projects working in a multinational environment.
On 28th June, ABeam Consulting will hold a seminar "Responding
Operationally to J-SOX -- An Overview for Executives" in Houston,
Texas U.S. (sponsored by JPMorgan Chase Bank, N.A., speech by ABeam
Consulting). Future events are also planned to meet the demands of our
clients.
About ABeam Consulting
ABeam Consulting is one of leading business consulting firms,
providing professional services in the areas of strategy, BRP,
information technology, and outsourcing through its global network.