Policy for Selecting Audit Firms and Evaluating Audit Quality
First written in FY2019. 2 of 3 entries say "Restated". Latest entry: FY2022.
22 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「The Company's Audit & Supervisory Board members and Audit & Supervisory Board evaluate the audit firm. They hold regular meetings with the audit firm to exchange information on each party's audit policy, audit framework and audit plan, as well as issues arising during the period. They also receive reports on specific financial results and the quality control framework at the audit reporting meetings held by the audit firm each fiscal year, thereby confirming the audit firm's expertise, independence and quality control framework.」
The policy of applying selection criteria for the audit firm, conducting regular information exchanges, and evaluating audit quality annually continues. - FY2021RestatedAnnual report
「Evaluation of the Audit Firm by the Audit & Supervisory Board Members and the Audit & Supervisory Board」
The procedure whereby the Audit & Supervisory Board confirms the audit policy, audit framework, audit plan, issues, financial results and quality control framework, and evaluates the audit firm's expertise, independence and quality control framework, continues. - FY2019First statedAnnual report
「The Audit & Supervisory Board selects the audit firm after comprehensively considering its audit track record for listed companies, size, quality control framework and independence, and determining whether it can ensure effective audits. At the audit reporting meetings held by the audit firm each fiscal year, the Audit & Supervisory Board receives reports on specific financial results and the quality control framework, among other matters, to confirm the audit firm's expertise, independence and quality control framework.」
In addition to the continued disclosure of 赤坂有限責任監査法人, the criteria for selecting the audit firm, the basis for decisions on dismissal or non-reappointment, and the method for evaluating audit quality each year have been disclosed for the first time as a standalone policy.