Risk Management by the Internal Audit and Compliance Committees
First written in FY2020. 2 of 4 entries say "Advanced", first in FY2021. Latest entry: FY2025.
- FY2025Formalisation of the internal audit reporting frameworkAnnual report
「As for reporting to the Board of Directors, the Company has established a forum in which the person responsible for risk management reports twice a year on the results of internal audit activities together with reports on risk management and compliance activities. The Company has also established a framework under which the Internal Audit Department can report directly to the Board of Directors when necessary.」
The department responsible for internal audits is operated with 2 dedicated staff members, and the framework for reporting internal audit results to the Board of Directors twice a year, as well as the direct reporting channel, was specified. - FY2022AdvancedAnnual report
「The Company has established an independent Internal Audit Department with 3 dedicated staff members. As an organisation directly reporting to the Representative Director and President, it audits all departments based on an annual audit plan.」
The framework was expanded from 2 to 3 dedicated staff members in the Internal Audit Department, while audits of all departments and monitoring of areas for improvement continue. - FY2021AdvancedAnnual report
「The Company has established an independent Internal Audit Department with 2 dedicated staff members. As an organisation directly reporting to the Representative Director and President, it audits all departments based on an annual audit plan.」
The Internal Audit Department operates as an organisation directly reporting to the President, with 2 dedicated staff members, and audits all departments and subsidiaries while monitoring areas for improvement. - FY2020First statedAnnual report
「The Company established a Compliance Committee to deliberate important compliance matters and report the results to the Board of Directors.」
The Company seeks to prevent and detect legal violations and misconduct at an early stage through its risk management regulations, internal audits, whistleblower system and Compliance Committee.