Risk Management through Internal Checks and Internal Audits
First written in FY2016. 4 of 7 entries say "Advanced", first in FY2017. Latest entry: FY2024.
77 other companies' latest entry also says "Advanced".
- FY2024AdvancedAnnual report
「Regarding medium- to long-term risk management initiatives, the company regards the possibility of suffering losses due to uncertain future events as risk. Led by the internal audit function, it identifies risks, shares the resulting risk inventory with all employees and thoroughly implements risk management. The results and other matters are reported periodically to the Board of Directors. In addition, to work more closely with frontline operations, the company has formed an SSS (Shop Standard Support) team within the Administration Division.」
The company specifically describes a framework for identifying risks under the leadership of internal audit and sharing the risk inventory with all employees, as well as forming an SSS team within the Administration Division to reduce risks through store visits. - FY2022AdvancedAnnual report
「During the fiscal year, the Audit & Supervisory Committee met 13 times in total, and attendance by Audit & Supervisory Committee members was 100%. Directors who are Audit & Supervisory Committee members audit and oversee the execution of duties by directors by attending Board of Directors meetings and using the internal control system. They also conduct effective monitoring by attending the New Store Review Committee and other important meetings, receiving reports from directors other than those who are Audit & Supervisory Committee members and employees, and conducting on-site inspections of each store.」
The company reports that the Audit & Supervisory Committee met 13 times during the year with 100% attendance, and details monitoring activities including attendance at important meetings and on-site inspections of each store. - FY2021RestatedAnnual report
「The company's risk management framework requires operations to be conducted in accordance with internal rules and manuals to ensure effective internal checks and balances. The Internal Audit Office and directors who are Audit & Supervisory Committee members also audit the consistency of their implementation. In addition, the company has established a system for obtaining advice from external professionals, including attorneys, certified public accountants, tax accountants and social insurance and labor consultants, as necessary regarding various business and legal decisions, and works to identify and prevent risks at an early stage.」
The company continues its risk management framework combining internal rules and manuals, internal audits, audits by Audit & Supervisory Committee members and advice from external professionals. - FY2020RestatedAnnual report
「The company's risk management framework requires operations to be conducted in accordance with internal rules and manuals to ensure effective internal checks and balances. The Internal Audit Office and directors who are Audit & Supervisory Committee members also audit the consistency of their implementation. In addition, the company has established a system for obtaining advice from external professionals, including attorneys, certified public accountants, tax accountants and social insurance and labor consultants, as necessary regarding various business and legal decisions, and works to identify and prevent risks at an early stage.」
The company continues its risk management framework combining internal rules and manuals, internal audits, audits by Audit & Supervisory Committee members and advice from external professionals. - FY2018AdvancedAnnual report
「Internal audits are conducted by the Internal Audit Office, an organization directly reporting to the Representative Director and President. Although the office is staffed by 1 head of the Internal Audit Office, it conducts audits of important matters in each department and compliance with internal rules in accordance with the internal audit regulations. Audit results are reported to the Representative Director and President, and the status of improvements is verified through follow-up audits. Directors who are Audit & Supervisory Committee members conduct effective monitoring by attending Board of Directors meetings, the New Store Review Committee and other important meetings, receiving reports from directors other than those who are Audit & Supervisory Committee members, employees and the accounting auditor, attending important sales meetings and conducting on-site inspections of each store.」
The company specifically describes the operation of audits of each department and improvement checks by internal audit, together with monitoring by Audit & Supervisory Committee members, including attendance at important meetings and on-site inspections of each store. - FY2017AdvancedAnnual report
「Internal audits are conducted by the Internal Audit Office, an organization directly reporting to the Representative Director and President. Although the office is staffed by 1 head of the Internal Audit Office, it conducts audits of important matters in each department and compliance with internal rules in accordance with the internal audit regulations. Audit results are reported to the Representative Director and President, and the status of improvements is verified through follow-up audits.」
The company specifically describes the operation of audits of each department by the Internal Audit Office, reporting to the President and follow-up reviews of improvement measures. - FY2016First statedAnnual report
「By complying with its rules on the segregation of duties and delegation of authority, the company rationally allocates work, avoids concentrating duties and authority in any particular organization or individual, and manages risk so that internal checks and balances function appropriately.」
The company combines rules on the segregation of duties and delegation of authority, internal audits, and monitoring by the Audit & Supervisory Committee.