All public companies listed on Stock Exchanges in Japan are now required to comply with a new legislative framework of internal financial controls that falls within the scope of the Financial Instruments and Exchange Law. This law, commonly referred to as J-SOX, will impact the 3,800 or more Japanese publicly listed companies, as well as any companies designated by the government of Japan. Affected companies are required to conduct ongoing management assessment and reporting of internal controls over financial reporting (ICFR).

To comply with this legislation, organizations are embarking on the time-consuming and difficult task of implementing a control framework, documenting controls, and establishing a top-down, risk based approach to ICFR. Through this process, companies quickly find that ad-hoc compliance activities using cumbersome spreadsheets and word processing documents do not provide the functionality needed to effectively and efficiently implement and sustain an ICFR process.

With the experience of providing technology to enable over 600 companies to comply with the Sarbanes-Oxley act, Paisley's comprehensive governance, risk and compliance solutions provide an optimal alternative to spreadsheets and ad-hoc processes. With a purpose-built solution for J-SOX financial controls compliance, Paisley's proven financial controls management capabilities dramatically reduce the time and cost required to implement and sustain an effective process for ICFR. Paisley's J-SOX functionality drives accountability and visibility with real-time internal control monitors and reports, streamlines documentation and process automation with a flexible risk framework, and empowers process and control owners through surveys, assessments and issue documentation.

Paisley delivers this industry leading IT governance functionality as a component of Paisley Enterprise GRC™ or GRC on Demand™.