The Business Accounting Council issued the Standard for Evaluation and Audit for Internal Control over Financial Reporting
March 22, 2007
The Business Accounting Council, an advisory body of the Financial
Services Agency of Japan, approved at a council meeting on February 15,
2007, the opinion statement on the Standard and Implementation Guidance
for Evaluation and Audit for Internal Control over Financial Reporting.
This opinion statement was published immediately.The Financial Instruments and Exchange Law, enacted in June 2006, requires the management of a listed entity to examine and evaluate its own internal control over financial reporting, and auditors to audit the report of the evaluation prepared by the management. This requirement will be implemented from periods beginning on or after April 1, 2008. This opinion statement will apply to this implementation of the requirement.
These documents are available in Japanese only.