[Framework] J-SOX - Designing Internal Controls

BACKGROUND
J-SOX’s main objective  is to ensure the reliability of financial reporting therefore the internal controls prescribed are only limited to financial reports with four key objectives:-

• Effective and efficient operations
• Compliance with law & regulations
• Safeguarding of Assets
• Reliability of Financial Reports

[Framework] Financial Instruments and Exchange Act (JAPAN)

BACKGROUND

The Financial Instruments and Exchange Act (金融商品取引法) promulgated on June 14th, 2006. It codifies securities law and regulates securities companies in Japan.

This law covers the following:- 

• Registration and regulation of broker dealers and their registered representatives
• Disclosure obligations applicable to public companies, investment trusts and similar entities
• Tender offer rules
• Disclosure obligations applicable to large shareholders in public companies
• Internal controls in public companies;