Tuesday, September 18, 2012

Corporate Auditor in Japan

Many people ask me the roles and liabilities of corporate auditors in Japan. The following article of Japan Corporate Auditors Association replies to such questions from various points of view.

About Corporate Auditor

Please note that there are a (corporate) auditor (Kansa-yaku) and an accounting auditor (Kaikei-kansa-nin) in Japanese companies.  The names are similar, but the role of the two institutions are different.  The article I introduced here is about the former one.

An accounting auditor should be a licensed Japanese accountant or an accounting corporation.  Therefore, if you are asked to be an auditor, it is usually the corporate auditor.

Resident representative is not necessary for Japanese corporations

A resident representative is no longer necessary for Japanese corporations (Note: A resident representative is still necessary for a branch ...