Contents of this filing
For the Internal Control Reports covering the 56th through 59th fiscal years, the company amended the description of internal control over financial reporting from “effective” to “ineffective.” The company also stated that the internal control over financial reporting was ineffective for the 60th fiscal year due to material deficiencies.
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 | For the Internal Control Reports covering the 56th through 59th fiscal years, the company amended the description of internal control over financial reporting from “effective” to “ineffective.” The company also stated that the internal control over financial reporting was ineffective for the 60th fiscal year due to material deficiencies. |
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 was unable to prevent or detect the insufficient recognition of the allowance for doubtful accounts because its processes were inadequate for identifying the underlying information used in estimating the valuation of deposits paid, verifying the valuation method and its appropriateness, and confirming the consistency and trends of the figures as a whole. Other reasons cited included insufficient human resources due to the departure of accounting personnel and other factors, inadequate checking procedures, compensating controls that had not been implemented, delays in the financial closing process and the provision of audit materials, increased workload resulting from prior-period corrections, additional departures, and insufficient use of external specialists.