Contents of this filing
The Company disclosed material deficiencies requiring disclosure, both in the design and in the operation of internal controls over the financial closing and financial reporting processes related to tax-effect accounting. As remedial measures, it outlined revisions to the procedures manual and checklists, ongoing improvement of specialized expertise, and more extensive discussions with the audit firm.
この書類は、機関設計や取締役会の構成そのものは述べていません。上に示したのは、この書類が述べている変更点です。
| Item | Details |
|---|---|
| Changes this time | The Company disclosed material deficiencies requiring disclosure, both in the design and in the operation of internal controls over the financial closing and financial reporting processes related to tax-effect accounting. As remedial measures, it outlined revisions to the procedures manual and checklists, ongoing improvement of specialized expertise, and more extensive discussions with the audit firm. |
Items this document does not state (7)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The tax-effect accounting procedures manual and checklists did not accurately or sufficiently detail the scheduling appropriate to the nature of temporary differences or the offsetting procedures for each expected year of reversal. As a result, sufficient verification and checking were not performed during the financial closing process. The material deficiencies were discovered after the fiscal year-end date and could not be remediated by the end of the fiscal year.