Ensuring the Reliability of Financial Reporting through Internal Control and Internal Audit
First written in FY2016. 2 of 4 entries say "Reframed", first in FY2017. Latest entry: FY2022.
Nankai Tatsumura Construction moved to the "Worse" side of this theme in 2022.
0 other companies' latest entry also says "Reframed".
- FY2022ReframedAnnual report
「Based on audit policies and plans, the Internal Audit Office conducts internal audits covering the Company's internal business execution divisions and the full range of business activities of its subsidiaries. It verifies and evaluates the actual operation of internal controls, identifies underlying management issues, and takes immediate corrective measures through discussions with the audited divisions. The results are reported to the responsible officers, Representative Directors and Audit and Supervisory Committee members.」
The organization and activities responsible for internal controls over financial reporting are described as a framework centered on the Internal Audit Office, with reporting to and coordination with the Audit and Supervisory Committee also expressly stated. - FY2018RestatedAnnual report
「The Audit Department continuously evaluates whether the framework is functioning appropriately, instructs the relevant parties to take necessary corrective action if deficiencies or other issues are found, and reports the details to the President as appropriate.」
The Company continues to establish, continuously evaluate and report corrective actions concerning internal controls over financial reporting, centered on the Audit Department. - FY2017ReframedAnnual report
「We have established a framework for establishing and operating internal controls over financial reporting. The Internal Control Section continuously evaluates whether the framework is functioning appropriately, instructs the relevant parties to take necessary corrective action if deficiencies or other issues are found, and reports the details to the President as appropriate.」
The Company states that, following the organizational change on 23 June 2017, the functions of the Internal Control Section were consolidated within the Audit Department, changing the position of the responsible organization. - FY2016First statedAnnual report
「To ensure appropriate accounting in accordance with the Financial Instruments and Exchange Act and the evaluation, audit and implementation standards established by the Financial Services Agency, and to improve the reliability of financial reporting, we have established an Internal Control Section within the Audit Department and developed an organizational framework for establishing and operating internal controls over financial reporting.」
The framework comprises an Internal Control Section within the Audit Department, ongoing evaluations, corrective instructions and reporting to the President.