Enhancing Audit Effectiveness through Tripartite Audits
First written in FY2025. 1 of 2 entries say "Advanced", first in FY2026. Latest entry: FY2026.
61 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「To advance three-way auditing, the Internal Audit Office, Audit and Supervisory Committee Members and the accounting auditor hold an exchange of views once a year and work to share issues. They are also deepening mutual coordination, including by having members of the Internal Audit Office and full-time Audit and Supervisory Committee Members accompany the accounting auditor during inventory audits.」
The disclosure described the operating record for three-way auditing, including an annual exchange of views among the three parties, accompaniment during inventory audits and mutual coordination. It also described the introduction of governance processes, risk management and risk-based auditing in internal audits. - FY2025First statedAnnual report
「The internal audit office, Audit and Supervisory Committee members and accounting auditor hold an annual meeting to exchange views and share issues in order to enhance the three-way audit framework. They are also strengthening coordination by having internal audit office staff and full-time Audit and Supervisory Committee members accompany the accounting auditor during inventory audits.」
For the first time, the disclosure described audit coordination as an independent initiative involving an annual exchange of views between the Internal Audit Office, Audit and Supervisory Committee Members and the accounting auditor, as well as accompaniment during inventory audits.