Understanding accounting standards and building expertise
First written in FY2017. 1 of 2 entries say "Restated". Latest entry: FY2020.
21 other companies' latest entry also says "Restated".
- FY2020RestatedAnnual report
「To properly understand the content of accounting standards and related matters, we joined the Financial Accounting Standards Foundation and obtained its guide to preparing securities reports, then reviewed the major revisions applicable to the current consolidated fiscal year. We are also working to build internal expertise by participating in seminars and other events hosted by audit firms and other organisations.」
The company again cites membership in the Financial Accounting Standards Foundation, reviewing revisions and participating in seminars hosted by audit firms and others as means of building expertise. - FY2017First statedAnnual report
「To properly understand the content of accounting standards and related matters, we joined the Financial Accounting Standards Foundation and obtained its guide to preparing securities reports, then reviewed the major revisions applicable to the current consolidated fiscal year. We are also working to build internal expertise by participating in seminars and other events hosted by audit firms and other organisations.」
To ensure the appropriateness of financial statements and other documents, the company identifies membership in the Financial Accounting Standards Foundation, reviewing revisions and participating in seminars hosted by audit firms and others as specific measures.