For global businesses, it is general that audit procedures are implemented by the internal audit team of head office under the supervision of the parent company. And then, it is common for staff members of the internal audit team to visit offices around the world and perform specific procedures stipulated in audit instructions.
However, its audit procedures don’t really work well even though the global audit team is organized with excellent staff members, because they are not familiar with local Japanese business practices. Furthermore, in Japan where mutual harmonization is respected, strict and inconsiderate auditor’s attitude would not be accepted by employees working in the Japanese office. In addition, due to the far distance between the parent company and subsidiaries, it is difficult to dispatch audit staff frequently.
Ensuring appropriate human resources for internal audit in a subsidiary is not also welcomed from the perspective cost reduction, and it is not so rare that foreign capital companies have difficulty in processing internal audit. Considering such background, we provide support services relating to internal audit for foreign-capital companies.
Our Advantageous Points
When communicating with internal auditors in English, it is stressful for both parties, auditor and audited company. Under such circumstances, we will be able to perform requests cast by internal auditors if appointing us as a support member of the audited company.
Audited company, of course, fully outsource internal audit tasks to us. In such a case, we implement internal audit procedures instead of head office members. We will be able to communicate smoothly with the parent company auditor and perform audit procedures efficiently and effectively.
According to the client’s situation, we fulfill various roles and respond to your requests relating to internal audit with our advanced expertise and affluent experience.
Please here for frequent asked questions (FAQ)
Examples of company encouraged to reach out
• The company not considering the employment of staff members from the perspective of cost burden.
• The company considering outsourcing internal audit tasks to professionals who can perform procedures according to instructions of head office.
• The subsidiary trying to find out supportive staff who can deal with parent’s company request in English, instead of the audited company.