Enhancing Audit Effectiveness through Coordination with the Accounting Auditor and Internal Audit Department
First written in FY2019. 2 of 4 entries say "Advanced", first in FY2021. Latest entry: FY2023.
- FY2023AdvancedAnnual report
「During the fiscal year, the audit plan designated matters such as the status of the core banking system renewal as key audit items, and audits were conducted diligently and fairly.」
In addition to the previous system under which the Audit and Supervisory Committee cooperated with the accounting auditor, Representative Directors and the internal audit department, the renewal of the core banking system was addressed as a key audit item. - FY2021AdvancedAnnual report
「The Audit and Supervisory Committee consists of 4 Directors who are Audit and Supervisory Committee Members, 3 of whom are Outside Directors. To enhance the effectiveness and efficiency of audits, 1 Inside Director has been selected as a full-time Audit and Supervisory Committee Member.」
Following the transition to a company with an Audit and Supervisory Committee, audits were conducted by 4 Audit and Supervisory Committee Members, including 3 Outside Directors and 1 full-time member, and the committee met 10 times during the fiscal year. - FY2020ReframedAnnual report
「Based on a resolution to amend the Articles of Incorporation at the Annual General Meeting of Shareholders held on 25 June 2020, we transitioned to a company with an Audit and Supervisory Committee.」
In addition to the previous cooperation among the Audit & Supervisory Board Members, the Audit & Supervisory Board, the accounting auditor and the internal audit department, the audit system following the transition to a company with an Audit and Supervisory Committee was presented. - FY2019First statedAnnual report
「To enhance audit effectiveness, the Audit & Supervisory Board Members conduct efficient audits in cooperation with the accounting auditor and the internal audit department, and work to establish an environment for audits by exchanging views regularly with the President and attending the expanded Management Conference, among other activities.」
The practice of Audit & Supervisory Board Members cooperating with the accounting auditor and the internal audit department through exchanges of views, attendance at audits and other activities to enhance audit effectiveness was documented in a thread for the first time.