Enhancing Audit Effectiveness through Coordination among the Internal Audit Office, Audit and Supervisory Committee, and Accounting Auditor
First written in FY2017. 2 of 4 entries say "Advanced", first in FY2018. Latest entry: FY2021.
- FY2021AdvancedAnnual report
「Internal audits are conducted by the Internal Audit Office, which reports directly to the Representative Director and currently consists of 4 people.」
The Internal Audit Office reporting directly to the Representative Director was expanded from 3 people to 4. The internal audit plan, improvement plan and simultaneous reporting to the Representative Director and the Audit and Supervisory Committee also remain in place. - FY2020RestatedAnnual report
「Internal audits are conducted by the Internal Audit Office, which reports directly to the Representative Director and currently consists of 3 people. Based on the internal audit plan prepared at the beginning of the period, the Internal Audit Office conducts internal audits covering the company’s operations generally, and reports the results simultaneously to the Representative Director and the Audit and Supervisory Committee in an internal audit report.」
The audit framework involving cooperation among the 3-person Internal Audit Office reporting directly to the Representative Director, the Audit and Supervisory Committee and the accounting auditor remains in place. - FY2018AdvancedAnnual report
「Internal audits are conducted by the Internal Audit Office, which reports directly to the Representative Director and currently consists of 3 people. Based on the internal audit plan prepared at the beginning of the period, the Internal Audit Office conducts internal audits covering the company’s operations generally, and reports the results simultaneously to the Representative Director and the Audit and Supervisory Committee in an internal audit report.」
The Internal Audit Office reporting directly to the Representative Director was expanded from 2 people to 3, and the company describes measures to ensure effectiveness through internal audit and improvement plans. - FY2017First statedAnnual report
「Internal audits are conducted by the Internal Audit Office, which reports directly to the Representative Director and currently consists of 2 people. Based on the internal audit plan prepared at the beginning of the period, the Internal Audit Office conducts internal audits covering the company’s operations generally, and reports the results simultaneously to the Representative Director and the Audit and Supervisory Committee in an internal audit report.」
The company describes a framework in which the 2-person Internal Audit Office reporting directly to the Representative Director, the Audit and Supervisory Committee and the accounting auditor exchange information and views to improve audit effectiveness and efficiency.