Regular Coordination among the Audit and Supervisory Committee, Internal Audit and the Accounting Auditor
First written in FY2019. 2 of 3 entries say "Advanced", first in FY2020. Latest entry: FY2023.
- FY2023AdvancedAnnual report
「The Company provides the Board of Directors, including outside directors who are Audit and Supervisory Committee members, with 2 semiannual summary reports a year, and shares internal audit findings with the audit firm once each quarter.」
The Company disclosed a dual-reporting framework under which the Internal Audit Coordination Department reports to the President and the Audit and Supervisory Committee, provides 2 reports a year to the Board of Directors, and shares findings with the audit firm once each quarter. - FY2020AdvancedAnnual report
「During the fiscal year, the Company held 13 meetings of the Audit and Supervisory Committee, with all Audit and Supervisory Committee members attending every meeting. / The Audit and Supervisory Committee and internal audit hold liaison meetings at least 4 times a year to share information on the progress, results and status of audits. / The Audit and Supervisory Committee and the accounting auditor hold quarterly reviews and audit reporting meetings 4 times a year.」
The Company disclosed a coordination framework under which the Audit and Supervisory Committee held 13 meetings during the fiscal year, internal audit held meetings at least 4 times a year, and the accounting auditor held 4 review and audit reporting meetings a year. - FY2019First statedAnnual report
「The Audit and Supervisory Committee and the internal audit function hold liaison meetings at least 4 times a year to share information on the progress, results and status of audits. Going forward, the Company plans to hold 4 liaison meetings a year, generally once each quarter, with the aim of further strengthening coordination through the exchange of specific information and views rather than meetings limited to routine matters.」
The Company has extracted as a standalone theme, for the first time, the strengthening of coordination through at least 4 annual liaison meetings between the Audit and Supervisory Committee and internal audit, information sharing, and specific exchanges of views.