JBA(Japan Business Assurance）
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We provide total support for compliance, risk management and outsource of internal auditing in order to achieve establishment and operation of an effective corporate governance infrastructure. Our professional staffs, mainly certified public accountants (CPAs) and practical experienced staffs at financial institutions, propose the most appropriate corporate governance framework upon the understanding of risk profile and due consideration of the scale of operation, features, related laws and regulations and others and provide support to its arrangement and operation. In particular, we provide full support not only in analyzing current situation and pointing out issues but also in designing a solution, performing and continuous monitoring.
In internal control, we also respond to any problems with abundant knowledge based on risk approach, such as from the development of internal auditing system and strategy that correspond to risk environment to the preparation of internal auditing provision and internal auditing manual and design and performance of audit plan.
We apply continuous approach to enhance added value of the process by evaluating risk from the management perspective and encouraging the operation to actually improve by providing practical and appropriate advices.
We are able to flexibly provide full support (or including partial consulting) to clients in the following fields, such as performing analysis of current situation and evaluation plan, identifying issues that are more than just pointing out problems and implementing the solution with follow up.
Change in Management
Timely establishment and improvement of governance process is required on the opening of new branch, acquisition of business license, organizational restructuring, changes to regulations and systems, improvements to significant deficiencies in management system and others. We provide supports to systematize and implement an entire project as Project Management Office (PMO). If necessary, we can provide professional services continuously for resource on site even after the start of its operation (including the reporting to the authorities). Also, lawyers and judicial scriveners are arranged separately as needed.
Ensure Consistency in Governance Practices and Reduce Cost
When operating governance practices and conducting monitoring, staffs with a certain level of professional skills are required. Sometimes, it is difficult to secure these personnel continuously and efficiently. We can ensure consistency in governance practices and also reduce total cost by rendering support with those kinds of professional skills continuously.
Fraud Prevention and Investigation
Fraud prevention is becoming a management critical issue. We provide support to establish the most appropriate fraud prevention system. Moreover, when fraud is indicated or fraud actually happened, we identify the cause, find out who is responsible and propose preventive measures.
Improvements and Efficiency of Integrated Approach
In case that each of these, such as compliance, risk management and internal auditing, functions discretely and lack communication between each other, great ineffectiveness occurs in the overall governance process。We perform a quick overview of the current situation of the overall practices in these fields and propose integration and efficiency of the governance process on the basis of risks.
Dealing with the Fair Value Disclosure and Fair Value Evaluation
To prepare for the IFRS implementation of fair value model and disclosure, the accounting requirements need to reflect the risk management process relevantly. We contribute to the establishment of rapid and reliable fair value evaluation process by discussing them with the vendors, providing accounting advices or checking the results, confirming the internal control and others.
Risk Solution Service in China
We work together with the local staffs that are familiar with the inherent risks in Chinese business and provide support comprehensively to the extent of evaluation risks, designing corresponding proposals, performing, monitoring and preparing management report.
Compliance
We provide clients with full supports, such as current evaluation, system establishment and monitoring, to establish and speed-up the framework for compliance. We can actualize real effectiveness by looking at the social environment, laws and regulations, company-specific compliance risk factors and integrating them with business process using the risk focus approach.
- Compliance risk assessment (current evaluation)
- Establishment support service of general framework for compliance
- Permission to the authorities and support on registration
- Operating manual of Financial Services Agencies and Securities and Exchange Surveillance Commission, investigation report based on the guideline
- Training support service
- Support service for regulations
- Support service on system establishment for fraud prevention
Risk Management
We provide clients with professional advices for the current evaluation, improvements proposals and system development to establish an integrated risk management system.
- Integrated risk management (enterprise risk management (ERM))
- Operational risk management (risk and control self assessments(RCSA), KRls, modeling, governance)
- Market risk management (model maintenance and speed-up, back test, stress test, scenario analysis)
- Asset liability management (ALM), revenue management (RAPM, RAROC, EaR, etc.)
- Credit risk management (modeling, stress test)
- Bank for International Settlements (BIS) II
- Related services to asset management (risk management of securitized products, alternative investments, etc.)
Internal Auditing
We make use of the latest auditing theory and a number of cases and the internal control professionals that correspond to the Corporate Law, J-SOX and various regulations provide value added services.
- Establishment and maintenance of internal auditing system, quality evaluation of internal auditing
- Training and OJT(on-the-job training) to internal auditing department
- Internal auditing based on the categories such as banks, securities corporation, investment corporation, investment advisor, insurance, business corporation
- System internal auditing
- Bank for International Settlements (BIS) II Verification (calculation process of capital-to-asset ratio)
- Financial Instruments and Exchange Act
- Internal auditing for J-SOX
- Support on auditor's audit and support of audit committee
