Strengthening Internal Controls Through Coordination Among Internal Audit, Audit & Supervisory Board Audits, and Accounting Audits
First written in FY2016. 2 of 4 entries say "Advanced", first in FY2020. Latest entry: FY2025.
61 other companies' latest entry also says "Advanced".
- FY2025AdvancedAnnual report
「As the growth rate of overseas subsidiaries accelerates, the company believes that its management structure must be strengthened further. While seeking to speed up decision-making in line with accelerated growth, it will continue to increase its use of accounting, legal, and other specialists, strengthen the financial reporting system through direct involvement by the head office in Japan, and improve its management systems.」
The focus of internal control strengthening has become more specific, targeting growth management at overseas subsidiaries. The company describes a policy of increasing the use of specialists, direct involvement by the head office in Japan, and improvements to its financial reporting and management systems. - FY2020AdvancedAnnual report
「During the fiscal year, the Audit & Supervisory Board met 14 times. The attendance of each Audit & Supervisory Board member was as follows.」
The Audit & Supervisory Board met 14 times during the fiscal year. In addition to regular exchanges of views among the Internal Audit Office, Audit & Supervisory Board members, and the accounting auditor, internal controls at overseas subsidiaries are also a key audit area. - FY2018RestatedAnnual report
「To ensure effective coordination among audits by Audit & Supervisory Board members, the accounting auditor, and internal audit, the three parties hold meetings and work to strengthen and improve the internal control system.」
Coordination among the three audit functions and meetings among the three parties continue to strengthen internal controls. - FY2016First statedAnnual report
「To ensure effective coordination among audits by Audit & Supervisory Board members, the accounting auditor, and internal audit, the three parties hold meetings and work to strengthen and improve the internal control system.」
The company strengthens internal controls through the three-way audit framework involving the Internal Audit Office, Audit & Supervisory Board members, and the accounting auditor, as well as meetings among the three parties.