Ensuring Proper Operations through Internal Control Systems and Internal Audits
First written in FY2016. 1 of 5 entries say "Restated". Latest entry: FY2023.
9 other companies' latest entry also says "Other".
- FY2023Explicit dual reporting and follow-up on improvementsAnnual report
「The company has established an Internal Audit Office reporting directly to the representative director and president, staffed by 7 dedicated and concurrent employees in total. Based on the audit plan, the office audits the development and operation of the internal control system. Audit results are reported to the representative director and president as well as to the Board of Directors and the Board of Corporate Auditors, establishing dual reporting lines. The office also provides guidance for improvements to audited departments based on the audit results and requires them to report on the progress of those improvements to ensure effectiveness.」
In addition to an internal audit structure with 7 staff members in total, the company explicitly describes dual reporting to the president and the Board of Directors and Board of Corporate Auditors, as well as follow-up on improvements by audited departments. - FY2020Increase in the number of internal audit staffAnnual report
「Internal audits are conducted systematically under an internal audit structure reporting directly to the president and comprising 7 dedicated and concurrent staff members in total. In addition to preparing reports that contribute to improving the development and operation of the internal control system, the Internal Audit Office attends physical inventory counts and performs other activities, and reports important matters to the corporate auditors and the accounting auditor.」
The internal audit structure continues, while the number of staff has increased from the 6 stated for the previous fiscal year to 7. - FY2018Change in the number of internal audit staffAnnual report
「Internal audits are conducted systematically under an internal audit structure reporting directly to the president and comprising 6 dedicated and concurrent staff members in total. In addition to preparing reports that contribute to improving the development and operation of the internal control system, the Internal Audit Office attends physical inventory counts and performs other activities, and reports important matters to the corporate auditors and the accounting auditor.」
The structure of audits reporting directly to the president, systematic audits, attendance at physical inventory counts, and reporting to corporate auditors and the accounting auditor continues. The number of internal audit staff has changed from the 7 stated previously to 6. - FY2017RestatedAnnual report
「The company recognizes that establishing and operating an effective internal control system suited to the Group's circumstances is essential to conducting operations properly and efficiently and fulfilling its social responsibilities. Accordingly, the Board of Directors has adopted the Basic Policy on the Development of an Internal Control System, and the Internal Audit Office, which is independent of the business execution divisions, monitors the operation of the internal control system. Internal audits are conducted systematically under an internal audit structure reporting directly to the president and comprising 7 dedicated and concurrent staff members in total. In addition to preparing reports that contribute to improving the development and operation of the internal control system, the Internal Audit Office attends physical inventory counts and performs other activities.」
The company continues to maintain an internal control policy adopted by resolution of the Board of Directors and an internal audit structure reporting directly to the president with 7 staff members in total. It also describes reporting by internal audit, attendance at physical inventory counts, and reporting to corporate auditors and the accounting auditor. - FY2016First statedAnnual report
「The Board of Directors has adopted the Basic Policy on the Development of an Internal Control System, and the Internal Audit Office, which is independent of the business execution divisions, monitors the operation of the internal control system. Internal audits are conducted systematically under an internal audit structure reporting directly to the president and comprising 7 dedicated and concurrent staff members in total.」
The company describes an internal control policy adopted by resolution of the Board of Directors and an internal audit structure reporting directly to the president with 7 staff members in total.