Group Oversight and Internal Controls through the Audit and Supervisory Committee and Internal Audits
First written in FY2018. 5 of 8 entries say "Advanced", first in FY2019. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「The Company has established an Internal Audit Office under the direct authority of the Audit and Supervisory Committee as the body responsible for internal checks and balances, and conducts internal audits with 3 staff members. Based on the Internal Audit Plan, the Internal Audit Office conducts internal audits covering all departments of the Company and its subsidiaries in accordance with internal regulations and operating standards. It reports the audit results to the Audit and Supervisory Committee and performs a monitoring function over the execution of operations.」
The number of staff assigned to the Internal Audit Office was disclosed as 3, updating the operation of the internal audit framework covering all departments of the Company and its subsidiaries. - FY2023AdvancedAnnual report
「The Internal Audit Office coordinates with each member of the Audit and Supervisory Committee and reports monthly on the status of internal audits and internal controls. It also exchanges information and confirms the status of business execution with the accounting auditor as necessary, and provides feedback on information and other matters required by the accounting auditor. The results of internal audits and matters identified for consideration during the audit process are also reported periodically to the Board of Directors.」
The operation of internal audits and internal controls was specified in detail, including monthly reports by the Internal Audit Office to the Audit and Supervisory Committee, information exchange with the accounting auditor, and periodic reporting to the Board of Directors. - FY2021AdvancedAnnual report
「The Company has established an Internal Audit Office under the direct authority of the Audit and Supervisory Committee as the body responsible for internal checks and balances, and conducts internal audits with 2 staff members. Based on the Internal Audit Plan, the Internal Audit Office conducts internal audits covering all departments of the Company and its subsidiaries in accordance with internal regulations and operating standards. It reports the audit results to the Audit and Supervisory Committee and performs a monitoring function over the execution of operations.」
The operation of the Internal Audit Office under the direct authority of the Audit and Supervisory Committee, with 2 staff members conducting internal audits covering all departments of the Company and its subsidiaries, was specifically disclosed. - FY2020RestatedAnnual report
「The internal framework places the president in overall charge, assigns oversight responsibility to the Board of Directors, and has the Audit and Supervisory Committee and the Internal Audit Office conduct audits and oversight in coordination with each other.」
The group oversight and internal control framework involving the president, the Board of Directors, the Audit and Supervisory Committee and the Internal Audit Office was reconfirmed. - FY2019AdvancedAnnual report
「The internal framework places the president in overall charge, assigns oversight responsibility to the Board of Directors, and has the Audit and Supervisory Committee and the Internal Audit Office conduct audits and oversight in coordination with each other.」
In addition to the respective roles of the president, the Board of Directors, the Audit and Supervisory Committee and the Internal Audit Office, the framework provides for the Internal Audit Office, with 2 staff members, to conduct internal audits covering all departments of the Company and its subsidiaries. - FY2018First statedAnnual report
「The Company resolved to adopt its Basic Policy on the Establishment of an Internal Control System and is working to establish an internal framework for internal control. It also adopted Standards for Audits by the Audit and Supervisory Committee Relating to the Internal Control System, establishing audit standards and guidelines, as well as regulations governing the establishment and operation of the internal control system and the establishment and operation of internal controls over financial reporting, thereby prescribing the basic matters relating to the establishment and operation of internal control systems under the Companies Act and the Financial Instruments and Exchange Act.」
A specific oversight and control framework is presented, combining the Audit and Supervisory Committee, the Internal Audit Office, the internal control regulations, and the regulations on internal controls over financial reporting.