Development of an Internal Control and Risk Reporting Framework
First written in FY2016. 5 of 9 entries say "Advanced", first in FY2017. Latest entry: FY2026.
9 other companies' latest entry also says "Other".
- FY2026Internal Audit Office staffed by 1 personAnnual report
「Under the internal audit system, we have established the Internal Audit Office, an independent dedicated organization reporting directly to the representative director and president, with 1 staff member. It audits all business operations in each department while coordinating with the accounting auditor.」
Audits of business operations by the Internal Audit Office, coordination with the accounting auditor, and the reporting of audit results, advice and recommendations, and monitoring of improvements are continuing. The Internal Audit Office is stated to have 1 staff member this time. - FY2024AdvancedAnnual report
「We have also established the Internal Audit Office, an independent dedicated organization reporting directly to the representative director, with 2 staff members. It conducts audits of all business operations in each department while coordinating with the accounting auditor.」
The internal audit structure is specified as the 2-person Internal Audit Office, an independent dedicated organization, and coordination with the accounting auditor is described. A new framework is also presented under which the Comprehensive Risk Management Committee discusses sustainability-related issues and reports them to the Board of Directors. - FY2022AdvancedAnnual report
「We also work to establish and maintain the internal control system through audits of all business operations conducted by the Internal Audit Office, an independent dedicated organization reporting directly to the representative director.」
The description has been made more specific, changing from a framework involving internal auditors reporting directly to the representative director to an audit framework operated by the Internal Audit Office, an independent dedicated organization. - FY2021RestatedAnnual report
「Under the internal audit system, 1 internal auditor reporting directly to the representative director is appointed to audit all business operations in each department. Audit results are reported to top management, and specific advice and recommendations are provided to the audited departments. Subsequent improvements are also monitored, enabling highly effective audits.」
The framework of audits, advice and recommendations, and monitoring of subsequent improvements by 1 internal auditor reporting directly to the representative director is reaffirmed. - FY2020Change in the number of internal audit personnel disclosedAnnual report
「Under the internal audit system, 1 internal auditor reporting directly to the representative director is appointed to audit all business operations in each department. Audit results are reported to top management, and specific advice and recommendations are provided to the audited departments. Subsequent improvements are also monitored, enabling highly effective audits.」
The structure with 1 internal auditor reporting directly to the representative director is described, along with the reporting of audit results, advice and recommendations, and monitoring of subsequent improvements. - FY2019AdvancedAnnual report
「Matters deemed likely to have a material impact on our results are reported to the accounting auditor without delay and disclosed to stakeholders through timely disclosure and other means. For our subsidiaries, we have established a framework to monitor their sales activities and approval authority by managing approval applications and other documents. Important matters meeting specified criteria are reported at important meetings, such as our Board of Directors meetings, and their execution is approved, enabling oversight of appropriate management.」
The framework specifies the reporting and disclosure routes for significant matters to the accounting auditor and stakeholders, as well as oversight of subsidiaries' approval applications and important matters. - FY2018AdvancedAnnual report
「Under the risk management framework, the executive director responsible for business execution manages operations overall on a day-to-day basis. If an identified risk could have a material impact on results, the responsible executive director reports it to the president, convenes an emergency meeting of the Board of Directors and promptly considers the response. These circumstances are reported to the Audit and Supervisory Committee. For our subsidiaries, we have established a framework to monitor their sales activities and approval authority by managing approval applications and other documents. Important matters meeting specified criteria are reported at important meetings, such as our Board of Directors meetings, and their execution is approved, enabling oversight of appropriate management.」
In addition to audits by 2 internal auditors, the framework specifies the reporting route for significant risks to the president, Board of Directors and Audit and Supervisory Committee, as well as controls over subsidiaries' approval applications and important matters. - FY2017AdvancedAnnual report
「Under the internal audit system, 2 internal auditors reporting directly to the representative director are appointed to audit all business operations in each department. Audit results are reported to top management, and specific advice and recommendations are provided to the audited departments. Subsequent improvements are also monitored, enabling highly effective audits.」
The audit framework is described, with 2 internal auditors reporting directly to the representative director appointed to provide advice and recommendations and monitor subsequent improvements. - FY2016First statedAnnual report
「With respect to internal controls, we maintain mutual checks and balances among departments while clarifying authority and responsibility for business execution and lines of command and reporting through the establishment and operation of internal rules. We also work to establish and maintain the internal control system through audits of all business operations conducted by internal auditors reporting directly to the representative director.」
The control framework is described, covering internal rules, authority, responsibility and reporting lines, checks and balances among departments, and internal auditors reporting directly to the representative director.