Strengthening Oversight Through Collaboration Between the Internal Audit Office, Audit & Supervisory Board and Independent Auditor
First written in FY2017. 2 of 4 entries say "Advanced", first in FY2019. Latest entry: FY2022.
61 other companies' latest entry also says "Advanced".
- FY2022AdvancedAnnual report
「The company has also adopted a dual-reporting structure under which the internal audit office makes appropriate direct reports to the Board of Directors and the Audit & Supervisory Board.」
In addition to reporting directly to the president, the internal audit office was explicitly stated to have a dual-reporting structure under which it reports directly to the Board of Directors and the Audit & Supervisory Board. - FY2021RestatedAnnual report
「The internal audit office (3 people) works closely with the audit & supervisory board members, accounting auditor and internal control department to audit the execution of operations and the status of internal controls at the company and its consolidated subsidiaries. The audit results are reported to the president and audit & supervisory board members and communicated thoroughly to the relevant departments.」
The company continued to state that the 3-person internal audit office coordinates with the audit & supervisory board members, accounting auditor and others, and reports and communicates the audit results. - FY2019AdvancedAnnual report
「The internal audit office (3 people) works closely with the audit & supervisory board members, accounting auditor and internal control department to audit the execution of operations and the status of internal controls at the company and its consolidated subsidiaries. The audit results are reported to the president and audit & supervisory board members and communicated thoroughly to the relevant departments.」
The internal audit office increased from the previously stated 2 people to 3, and the company stated that audit results are reported to the president and audit & supervisory board members and communicated to the relevant departments. - FY2017First statedAnnual report
「The company has established an internal audit office reporting directly to the Representative Director and President. The internal audit office (2 people) works closely with the audit & supervisory board members, accounting auditor and internal control department to audit the execution of operations and the status of internal controls at the company and its consolidated subsidiaries.」
For the first time, the company specifically stated that its 2-person internal audit office, reporting directly to the president, audits the company and its consolidated subsidiaries in coordination with the audit & supervisory board members, accounting auditor and internal control department.