Contents of this filing
The company identified an improper transfer of funds and other misconduct by a former employee at its Taiwan subsidiary and determined that a material weakness requiring disclosure exists in its internal control over financial reporting.
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 identified an improper transfer of funds and other misconduct by a former employee at its Taiwan subsidiary and determined that a material weakness requiring disclosure exists in its internal control over financial reporting. |
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 company analyzed the contributing factors as insufficient checks and balances in accounting procedures, the prolonged assignment of responsibilities to the same individuals due to the small number of personnel, and excessive reliance on individual employees. As the misconduct was discovered after the subsidiary's fiscal year-end, the company stated that it could not be remedied by the fiscal year-end.