Latest News
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May, 2014

Ground Breaking New Warehouse Project Cikarang

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To improve our services to customers, in 2014 we build / expand our warehouse located in cakung jakarta. The warehouse expansion aims to accommodate the goods from the customers. And on 4 february 2014, we implement groundbreaking ceremony of warehouse extention project in cakung jakarta.
This warehouse extention has an area of ..... square meters. Below are some photos of groundbreaking ceremony :
To see more photos, please see on gallery
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February, 2014

Ground Breaking Warehouse Extention Project

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To improve our services to customers, in 2014 we build / expand our warehouse located in cakung jakarta. The warehouse expansion aims to accommodate the goods from the customers. And on 4 february 2014, we implement groundbreaking ceremony of warehouse extention project in cakung jakarta.
This warehouse extention has an area of ..... square meters. Below are some photos of groundbreaking ceremony :
To see more photos, please see on gallery
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December, 2007

Record management business

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Started December 28th, 2007, we handle Records Management Business for new customer.
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November, 2007

J-SOX

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What is J-SOX

J-SOX is the nickname of Japan 's Financial Instruments and Exchange Law , which was promulgated on June 14th, 2006. Inspired by corporate scandals such as the Kanebo, Livedoor , and Murakami Fund episodes, the law has been dubbed "the Japanese version of the Sarbanes-Oxley Act ," hence J-SOX.

The Internal Control Committee of the Business Accounting Council of the Japanese Financial Services Agency provided final Implementation Guidance for Management Assessment and Audit of Internal Controls over Financial Reporting (ICFR) in February 2007. The Implementation Guidance provides details to Japanese companies on how to implement a Management Assessment of Internal Control over Financial Reporting as required under the Financial Instruments and Exchange Law.

As Thomas Friedman said the world is getting flat. Businesses are learning from the mistakes made by individuals and corporations across the globe. J-SOX, officially known as the Financial Instruments and Exchange Law as mentioned above, is scheduled to go into effect in April 2008 for roughly 3,800 companies listed in Japan, along with their foreign subsidiaries.

Forrester Research lists the following challenges and difference between J-SOX and SOX :

  • Professional services. Japan has fewer than 10% of the number of qualified accountants than the US.
  • Independence of auditors. While the concept of auditor independence exists in the Japanese market similar to the US, many Japanese firms can and will rely on the influence and recommendations of their audit firms.
  • Audit automation is critical. With the extreme shortage of auditors compared to US per capita numbers, this shortage will increase the requirement and necessity for process efficiency in the internal audit process and software that can support these processes.
  • Support of IT governance. In the November guidance regarding the scope of the J-SOX process, it is clear that IT controls are a central point of focus for J-SOX.

New Japanese standards for evaluation and auditing of internal controls over financial reporting ("J-Sox" or "the Standards") were finalized on February 15, 2007. Based on the Standards' requirements, all listed companies in Japan are to prepare and submit internal control reports on a consolidated basis starting with the fiscal years commencing on or after April 1, 2008. It is important to note that most Japanese companies have a fiscal year ending March 31.

J-SOX requirements are similar to U.S.-SOX in relation to Sections 302 "Corporate Responsibility for Financial Reports" and 404 "Management Assessment of Internal Controls." Both regulations are aimed at evaluating internal control systems relating to financial reporting, assure the proper expression of external financial reporting and prevent the recurrence of investor deception. There are approximately 3,800 listed Japanese companies and the internal control evaluation process extends to business units that comprise two-thirds of consolidated revenue.

There are, however, a number of similarities and differences which need to be addressed by companies, especially with subsidiaries located in both Japan and the U.S. Overall, J-SOX requirements require a broader initiative than U.S.-SOX. The Internal Control Reporting System in Japan looked to avoid both the burden and confusion surrounding U.S.-SOX.

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November, 2007

SAP

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Since November, 1 2007, PT. Mitsui-Soko Indonesia applicated SAP system. This system used for Finance & Accounting.
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November, 2007

FMS / JMS

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Since November, 1 2007, PT. Mitsui-Soko Indonesia applicated FMS-JMS system. This system is integrated between operation billing and SAP System.
 

Address

Country : Indonesia
City : North Jakarta
Address : Jl. Rorotan No.8
    Kawasan Industri Cakung Cilincing
Zip Code : 14140
Phone : (021) 44850123
Fax : (021) 44851921-24

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