Remediation of Internal Controls over Financial Reporting Following Accounting Errors in Prior Fiscal Years
First written in FY2021. 1 of 2 entries say "Advanced", first in FY2024. Latest entry: FY2024.
The whole theme swung hardest in 2022: 1 of 7 companies on the "Worse" side.
6 other companies' latest entry also says "Advanced".
- FY2024AdvancedAnnual report
「The Internal Audit Office prepares internal audit reports on the results of internal audits and reports them to the representative director, the Board of Directors, the Audit & Supervisory Board, and the heads of the audited departments.」
The company provides specific details of its operating framework for remediating internal controls over financial reporting following accounting errors in prior fiscal years, including internal audits, risk management, reporting to the Board of Directors and the Audit & Supervisory Board, and follow-up on remediation progress. - FY2021First statedAnnual report
「We recognize the importance of internal controls over financial reporting and will establish and operate appropriate internal controls by implementing measures based on the findings and recommendations of the internal investigation committee to remediate material deficiencies requiring disclosure.」
Following the accounting errors, the company identified as new priority issues the implementation of measures based on the findings and recommendations of the internal investigation committee and the establishment and operation of internal controls.