Risks associated with extracting accounting data from core systems and making manual adjustments
First written in FY2016. 2 of 4 entries say "Restated". Latest entry: FY2019.
The whole theme swung hardest in 2023: 2 of 9 companies on the "Worse" side.
0 other companies' latest entry also says "Dropped".
- FY2019DroppedAnnual reportThe risk of human error arising from the extraction of accounting data from the core and settlement systems and related manual adjustments is not disclosed as a standalone risk item for the current fiscal year.
- FY2018RestatedAnnual report
「Most of the Company's accounting figures are prepared based on data output from its core and settlement systems. Because neither system is designed for the easy extraction of accounting information, manual adjustments are made. Consequently, human error could result in incorrect accounting treatment.」
The need for manual adjustments when extracting data from the core and settlement systems, and the possibility of human error, are reiterated. - FY2017RestatedAnnual report
「We will improve and enhance the functions of the core systems and other systems to make them suitable for extracting accounting information. However, if we are unable to strengthen the systems in a timely and appropriate manner in line with business expansion and development, this could ultimately affect the conduct and expansion of the Company's business.」
The risk of human error in accounting treatment due to manual adjustments is reiterated, with enhancement of the core systems identified as a countermeasure. - FY2016First statedAnnual report
「Most of the Company's accounting figures are prepared based on data output from its core and settlement systems. Because neither system is designed for the easy extraction of accounting information, manual adjustments are made. Consequently, human error could result in incorrect accounting treatment.」
Manual adjustments are required to extract accounting information from the core and settlement systems, creating a risk of incorrect accounting treatment due to human error.