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Is J-SOX Behind Japan's Compliance Ramp-Up?

Lora Bentley

A new study found that Japan now leads the APAC region in compliance program implementation, according to Antara News. Funded by Serena Software, the 2007 APAC CIO Survey involved approximately 350 CIOs from companies of all sizes in the region, measuring levels of compliance implementation and IT spending on compliance, among other things.

 

The results specific to Japan reveal a significant jump in compliance efforts from last year -- 56 percent of respondents currently have compliance programs in place, as compared to only 33 percent last year. And the story says Japan "leapfrogged" over last year's leader, Singapore, which came in at 52 percent this year.

 

Moreover, 64 percent of Japanese respondents say senior managers understand that IT is important to compliance and support IT's role. Only 52 percent answered the same way in 2006, the story says.

 

What prompted the jump in compliance programs? Sixty-seven percent of Japanese respondents said "local regulations -- current and upcoming." And though the survey didn't name J-Sox (Japan's version of Sarbanes-Oxley) specifically, the story seems to indicate that J-Sox is at least one of the culprits.


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