ABS Audit Corporation

Broad ABS services and clients

ABS Sevices to Social Welfare Corporation and Medical Corporation​

Regarding social welfare corporations and medical corporations over a certain size, the "Social Welfare Law" and "Medical Law" are amended it became obligatory to be audited by a certified public accountant for the purpose of strengthening the governance of the management organization and improving the transparency of business management.

Purpose of Certified Public Accountants Audit

The purpose of CPA audit is to audit various stakeholders (local communities, users (beneficiaries), staff, governments, citizens and financial institutions, etc.) surrounding the corporation to be audited, a CPA independent third party In order to ensure the reliability of the financial report of the corporation receiving the audit.

Effect of receiving an audit by ABS audit corporation​

The following are the effects of receiving an audit by ABS audit corporation.

It is effective for improving the reliability of financial information, strengthening governance, and thereby improving the social reliability of corporations.

・By receiving an audit by ABS audit corporation, the credibility of financial information 　improves and the social reliability of the corporation increases.

Improve management system that can timely grasp highly reliable financial information indispensable for appropriate management decision timely

・Management will be able to grasp the financial condition of the corporation necessary for management judgment by improving the process by which appropriate calculation documents are prepared, and ​management can expect timely and appropriate decision-making.

Management regularly communicate with audit corporation to emphasize management issues and to solve problems.

・·Management can expect business efficiency by responding to audits by ABS audit corporation and advice from CPAs.

Examples of improvement triggered by introduction of audit by ABS audit corporation

Specific merit after introduction of audit (example)

CPAs of ABS audit corporation visit throughout the year, so it will be possible to provide concrete and long-term guidance on the development and operation of internal controls essential for each corporation.

Due to the formulation of purchasing management regulations, the transparency of supplier selection procedures will increase, which can help to reduce costs by increasing opportunities to receive better business proposals for corporations and thorough cost estimates.

Due to the formulation of information system management rules (system management, personal information, management and operation of external storage medium), it may be useful for effective and efficient response to information management risk.

Information sharing / standardization of operations

Resubmission of work may proceed by hearing / document request from ABS audit corporation. By ABS audit corporation collecting the results of the site visit by headquarters in headquarters, it may be useful for standardization of work and cost reduction.

In using accounting software, by advising on initial setting to correspond to complicated system peculiar to social welfare corporations / medical corporations, points to be noted in the subsequent input etc, unintended mistakes in calculation documents are generated , unintentional mistakes will not occur and business hours for coping with mistakes may be unnecessary.

Promotion and efficiency improvement of understanding of specialized fields

Receiving commentary on content from CPAs of ABS audit corporation visiting regularly, such as clerical correspondence notice prescribing new accounting treatment, amendment of accounting standards etc, it will be easy for the understanding of matters to be dealt with smoothly there is.

As accounting process can consult unknown points and uneasy points as appropriate, accounting errors will decrease.

FAS （Financial Advisory Service）

FAS of ABS is to improve clients' financial situations by providing finance related advice and support to client.

A wide range of knowledge and practical experience such as management, administration, accounting, finance, tax, law, etc. are essential for improving the financial situation. ABS partners are providing FAS by making full use of the experience of many clients and a wide range of industries.

Benefits of FAS

"Financial improvement plan" will be presented from ABS to solve financial problems. There is no proposal such as dressing of financial statement, tax evasion by strictly compliance observance.

The president and management team review the improvement plan and implement the plan if it considers the proposed solution to be reasonable.

ABS will support until the improvement plan is achieved.

Examples of result of financial improvement are as follows.

Process of FAS

Meeting with the president or attendance of management meetings etc. As a general rule once a month.

Understand client's financial problems.

Planning and implementing of financial improvement suggestions.

Responding to various matters according to the request from the president.

Client and Audit

Client and Audit

A large company under the Companies Act	Company Law Audit
Listed company	statutory audit under the Financial Instruments and Exchange Act
A company aiming at listing	Audit pursuant to the Financial Instruments and Exchange Act for the purpose of public offering
Companies not subject to legal audit	Any audit of financial statements
Companies adopting IFRS	auditing financial statements based on International Financial Reporting Standards (IFRS)
Japanese subsidiary of a US listed company	audit of financial statements based on SEC standards
Audit of financial statements of subsidiaries of overseas Japanese companies	overseas subsidiaries
School corporation	School corporation audit
Labor union	labor union audit
Medical corporation	Medical corporation audit
Public interest corporation	public interest corporation audit
Independent Administrative Institution	Independent Administrative Institution Audit
Local government	Comprehensive external audit of local governments
A credit union	credit union audit
Apartment management company・ Management association	Audit of condominium management association
Audit of financial statements of special purpose company	special purpose company audit
Investment business limited partnership	investment business limited liability partnership financial statement audit
Companies licensing to use the patent	Audit on royalty fee
Others

Client and Business Support

Companies that need to develop and build internal controls	support consulting on the development and construction of internal controls
M & A planning or necessary company	support consulting related to M & A
Companies that need IT system improvement	support consulting related to improvement of IT system
Companies that need improvement in consolidated management, consolidated accounting	Analysis, evaluation,improvement and construction support consulting
Companies that need improvement of management system	analysis, evaluation, improvement, construction support consulting of management system
Companies that need to improve their financial processes	Financial process analysis, evaluation, improvement, construction support consulting
Companies that need improvement in performance evaluation and management accounting	performance evaluation, management accounting analysis, evaluation,,improvement and construction support consulting
Companies that need improvement in internal control	Analysis, evaluation, improvement, consulting support for internal control
Companies that need improvement in business systems	analysis, evaluation, improvement, construction support consulting of business systems
Companies that need improvement in accounting system	Analysis, evaluation, improvement, consulting support for accounting system
Companies that need short-term investigation	short-term investigation by business approach
Companies that need preliminary survey in acquisitions	due diligence, preliminary survey
Personnel system, company that needs improvement of performance evaluation system	Personnel system, performance evaluation system etc
Companies that need improvement of business	Management consulting
Companies that need financial improvement	Financial Advisory Service
Companies that need improvement in management plan and business plan	management plans, formulation and introduction of business plans,support consulting
Company requiring business succession	business succession consulting
Companies aiming for listing (IPO)	Stock listing (IPO) support consulting
Companies that need to train managers and successors	management, successor training and consulting
Company wanting to put venture business on track	Venture business support consulting
Companies that need to expand overseas	overseas advancement support consulting
Companies adopting human resources such as CEO, CFO, accounting department	CEO, CFO, accounting department etc,hiring recruitment support consulting
Company with dispute	support consulting on disputes
Company with accounting irregularities	Survey on the actual condition of accounting fraud
Companies that need investigation by third-party investigation committee	Investigation support by third party investigation committee
Company with injustice	Consulting support for planning measures to prevent recurrence
Companies that need senior management training	planning and conducting executive training ・ preparing training materials ・ training
Companies that require training of International Financial Reporting Standards (IFRS)	Training related to International Financial Reporting Standards (IFRS)
Companies that require training on accounting standards and auditing standards	Training on accounting standards and auditing standards
Companies that need training under the Companies Act, Financial Instruments and Exchange Law	Training on the Corporate Law and the Financial Commercial Law
Companies that need training on stock listings	Training on stock listings
Companies that need training on overseas expansion	Training on overseas expansion
Companies that need internal audit and internal control training	Internal aud it, training on internal control
Other

Industry

The following industries are experienced by ABS partners so far.

Hotline

We will cover information concerning acts that violate laws and regulations such as fraud / dressing, insider trading etc, acts contrary to professional ethics, acts that are suspicious,

in the business of the audit by the ABS audit corporation and the service of corporate support. In addition, we will only contact you by post and e-mail. We can not accept phone and fax, so please take care.

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