As for the listed company, it is obligated to submit the internal control report and the auditing of the internal control by Audit Corporation or CPA, under the Financial Instruments and Exchange Law. This is so-called J-SOX.
The auditor of the internal control and financial statements should be the same.
HLB Meisei LLC is engaged in the internal control audit of the client after the introduction of J-SOX. As the first term came to a close, we believe that we could accumulate enough experience on this issue.
In the internal control audit, it needs even more communications with the client than the Financial statement audit. Because deep understanding of company’s system concerning the financial report is indispensable to form the opinion for the internal control report.
All members in our firm place importance for the communications with clients. Audit staff communicate actively each other in also audit team level.
Furthermore, not only the specialist of accounting but also IT expert belongs to each audit team, to have the internal control audit more reliable.