OC & Associates International Accounting Office OC & Associates, English Site OC & Associates, Site Map OC & Associates, English Site OC & Associates, Japanese Site
about OC & Associates Our people in OC & Associates Professional Services of OC & Associates Information from OC & Associates OC & Associates Links Recruitment of OC & Associates
OC & Associates, Trial Balance and Calcurator
Top Page > Professional Services > Accounting and Payroll Outsourcing Service
Accounting and Payroll Outsourcing Service
Each engagement will consist of at least three professionals. There will be an engagement partner/director, a supervisor and an in–charge, who are all full time employees. In the event that you cannot reach our in–charge, our supervisors will be there for you as back-up. Any reports we issue will be reviewed internally before they are released.

OC & Associates's accounting outsourcing business line consists of the following:


Financial Accounting and Reporting

We have dozens of professionals on hand with a broad range of experience to assist in your company's compilation work. The majority of the professionals have TOEIC scores of 900 or higher and several also have US CPA credentials. As a result, we are capable of generating financial statements in US GAAP, Japanese GAAP and under IFRS (International Financial Reporting Standards).
Through the use of our internally developed web based accounting system, we can report to your parent or head office in a timely and effective manner. We also have several professionals familiar with SAP and other popular ERP systems.


Payroll and Statutory Benefits

You can be rest assured that your payroll and statutory benefit filings will be safely handled. We keep our fee structure simple by incorporating all requred annual statutory reporting in our base monthly fee. Our services include (but are not limited to) such work as:
– preparation of employee monthly payroll statements
– deposit slips
– payroll ledger
– reporting of newly hired and resigning employees to the various agencies as stipulated by local legislation
– arranging payment of local taxes (e.g. inhabitant taxes)
Local rules and regulations can be challenging for foreign organizations. You can trust your payroll–related responsibilities to our professionals. Our long years of service is your best guarantee of getting these responsibilities undertaken with minimum cost and time.

Okamoto & Company obtains ISAE 3402 Type 1 Report

In August 2012, Okamoto & Company (currently OC & Associates) has successfully obtained a type 1 ISAE 3402 report for its payroll outsourcing services. We are one of the few bilingual payroll providers in Japan who have obtained this. This report (or often referred to as certification) was issued by an independent auditor in accordance with the International Standard on Assurance Engagements established by the International Auditing and Assurance Standards Board. We continue to strive to become the premier provider of English and Japanese speaking accountants, tax and HR professionals in Japan and Singapore. This is our way to demonstrate our commitment to quality service and improved reliability.
ISAE 3402 is the international standard on assurance developed by the International Federation of Accountants to evaluate the effectiveness of internal controls at a service organization relevant to user entities' internal controls over financial reporting. This is the equivalent to the Statement on Standards for Attestation Engagements No. 16 (SSAE 16, formerly SAS 70) issued by the American Institute of Certified Public Accountants and the Auditing Standards Committee Report No.18 (No.18 report) issued by the Japanese Institute of Certified Public Accountants.
A Type 1 report is an assurance report on internal controls in which an independent service auditor evaluates the fair presentation of its description of an organization's system and the effectiveness of the design of internal controls to achieve the related control objectives as of a specific date. A type 2 report not only includes design effectiveness, but the operating effectiveness of the controls throughout a specified period.


Cash Management

OC & Associates can assist your organization with your cash management requirements.
We open a bank account under your company name and manage the payment of invoices, salaries, payroll, taxes, and all matters related.
In addition, we can monitor your bank balance and provide continuous forecasts on your cash flow. Additionally, if a cashflow shortage is predicted, we can also take direct action by notifying the designated individuals for a fund remittance.
Last but not least, by entrusting your cash management to OC & Associates's financial professionals, you can rely on our firm's tight internal controls which will prevent embezzlement or misuse of your funds.
It all translates into fewer problems and less worrying for you. OC & Associates's services can provide an extra bonus in which your attention is free to focus on issues of higher importance, knowing that your outsourcing & payroll functions are in good hands.
OC & Associates, Professional Services
OC & Associates, Accounting and Payroll Outsourcing Service
OC & Associates, Internal Audit Support
OC & Associates, Shared Service
OC & Associates, Consulting
OC & Associates, Hands-on Support
Top Page
Access Disclaimer Privacy Policy Copyright 2019 OC & Associates K.K.