Launches New Division “J-SOX Initiative” with 200 Consultants to Support Clients’ Roll-out Overseas-

ABeam Consulting Limited (Hereinafter, ABeam Consulting) announced that they have established a new division “J-SOX Initiative” with 200 consultants to strengthen global support for Japanese companies that need J-SOX compliance for their overseas offices and subsidiaries.

The so-called “J-SOX Act” will be enforced for Japanese listed companies and their consolidated subsidiaries from fiscal year starting April 2008 onwards. J-SOX requires the development and operation of Internal Controls and establishing the assessment process for sites that have a major impact on the consolidated global financial report. This may include overseas offices and subsidiaries.

ABeam Consulting provides various consultancy services to overseas offices of clients in local languages. For J-SOX specifically, it has now inaugurated a “J-SOX Initiative” division, which is focused on working with its overseas offices to meet the clients’ needs. 13 regional representatives (Principal level) are conducting business to strengthen internal controls and to support the assessment process of clients. Services offered include establishing a global approach for controls, developing a compliance methodology, testing and evaluation of controls, solutions for remediation and business improvement, information sharing and knowledge transfer, training and aligning with vendors solutions and tools.

There are now approximately 200 consultants providing services to domestic and overseas offices of clients. Among these, almost all multi-lingual consultants working overseas have US-SOX experience and have been trained for J-SOX. They bring relevant experience and provide immediate value by utilizing “ABeam ICMS Framework”, the methodology of ABeam Consulting.

Clients will be able to establish their Internal Control system successfully, within the limited remaining time frame, without concerns of resource shortage and communication quality, by utilizing the expertise that ABeam Consulting has developed, through it’s numerous global projects working in a multinational environment.

On 28th June, ABeam Consulting will hold a seminar “Responding Operationally to J- SOX -- An Overview for Executives” in Houston, Texas U.S. (sponsored by JPMorgan Chase Bank, N.A., speech by ABeam Consulting). Future events are also planned to meet the demands of our clients.

About ABeam Consulting

ABeam Consulting is one of leading business consulting firms, providing professional services in the areas of strategy, BRP, information technology, and outsourcing through its global network.