Strengthening Audit Functions through Outside Officers and Three-Way Collaboration
First written in FY2016. 4 of 8 entries say "Advanced", first in FY2022. Latest entry: FY2026.
The whole theme swung hardest in 2023: 3 of 24 companies on the "Worse" side.
19 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「In addition to the accounting auditor periodically reporting its audit plan and audit status to the Audit and Supervisory Committee, the Internal Audit Office periodically reports the results of internal audits to the Audit and Supervisory Committee. The company seeks to maintain a framework for strengthening cooperation among the 3 parties: the Audit and Supervisory Committee, the Internal Audit Office and the accounting auditor.」
After changing from a Board of Corporate Auditors to an Audit and Supervisory Committee, the company continues to operate cooperation among the Audit and Supervisory Committee, Internal Audit Office and accounting auditor as an established system and has also begun evaluating the effectiveness of the Audit and Supervisory Committee. - 2026-06-02AdvancedGeneral Meetings of Shareholders
「In addition to the accounting auditor regularly reporting its audit plan and the status of audit activities to the Audit and Supervisory Committee, the Internal Audit Office regularly reports the results of internal audits to the Audit and Supervisory Committee. We will work to maintain a structure that strengthens coordination among the Audit and Supervisory Committee, the Internal Audit Office and the accounting auditor.」
Described the operating structure for coordination among the three parties, including regular reporting, following the transition to a company with an Audit and Supervisory Committee. - FY2025AdvancedAnnual report
「The company coordinated with the corporate auditors, internal audit department and accounting auditor by requesting reports on audits from time to time.” “The company will continue the same evaluation after transitioning to a company with an Audit and Supervisory Committee, helping to maintain and improve audit quality.」
The company demonstrated a framework for maintaining and improving audit quality after the transition to a company with an Audit and Supervisory Committee while continuing cooperation among the 3 parties and effectiveness evaluations of the Board of Corporate Auditors. - FY2022AdvancedAnnual report
「The Board of Corporate Auditors sought to share information among the corporate auditors regarding the company’s activities and other matters through explanations by the full-time corporate auditors, and deliberated and resolved matters including the formulation of audit policies and plans, preparation of audit reports, consent to the accounting auditor’s remuneration, revisions to the Corporate Auditor Audit Standards, and matters concerning the dismissal or non-reappointment of the accounting auditor. In addition, it coordinated with the internal audit department and accounting auditor by requesting reports on audits from time to time.」
The company disclosed specific matters deliberated and resolved by the Board of Corporate Auditors and its coordination with the internal audit department and accounting auditor through reports provided from time to time. It also discussed key audit matters with the accounting auditor. - FY2020RestatedAnnual report
「In addition to the accounting auditor periodically reporting its audit plan and audit status to the corporate auditors, the Internal Audit Office periodically reports the results of internal audits to the corporate auditors. The company seeks to maintain a framework for strengthening cooperation among the 3 parties: corporate auditors, the Internal Audit Office and the accounting auditor.」
The company continues to strengthen the audit function through cooperation among the corporate auditors, Internal Audit Office and accounting auditor. - FY2018RestatedAnnual report
「In addition to the accounting auditor periodically reporting its audit plan and audit status to the corporate auditors, the Internal Audit Office periodically reports the results of internal audits to the corporate auditors. The company seeks to maintain a framework for strengthening cooperation among the 3 parties: corporate auditors, the Internal Audit Office and the accounting auditor.」
The company continues to operate an audit framework including outside corporate auditors and cooperation among the corporate auditors, Internal Audit Office and accounting auditor. - FY2017RestatedAnnual report
「In addition to the accounting auditor periodically reporting its audit plan and audit status to the corporate auditors, the Internal Audit Office periodically reports the results of internal audits to the corporate auditors. The company seeks to maintain a framework for strengthening cooperation among the 3 parties: corporate auditors, the Internal Audit Office and the accounting auditor.」
The company continues to operate an audit framework including outside corporate auditors and cooperation among the corporate auditors, Internal Audit Office and accounting auditor. - FY2016First statedAnnual report
「The company seeks to maintain a framework for strengthening cooperation among its 3 parties: corporate auditors, the Internal Audit Office and the accounting auditor.」
The company regards the use of outside directors and outside corporate auditors, together with cooperation among the corporate auditors, Internal Audit Office and accounting auditor, as measures to strengthen the audit function.