Strengthening Internal Controls and Compliance Through Segregation of Duties, Approval Procedures and Internal Audit
First written in FY2016. 3 of 6 entries say "Restated". Latest entry: FY2023.
- FY2023RestatedAnnual report
「In addition, the Representative Director and President holds regular meetings with the 3 Audit & Supervisory Board Members to exchange views on compliance and the status of internal control development, among other matters.」
The Company continues to maintain internal controls combining segregation of duties, approval procedures, internal audits, audits by Audit & Supervisory Board Members and accounting audits, together with regular exchanges of views between the Representative Director and President and the Audit & Supervisory Board Members. - FY2022ReframedAnnual report
「In addition, the Representative Director and President holds regular meetings with the 3 Audit & Supervisory Board Members to exchange views on compliance and the status of internal control development, among other matters.」
In addition to controls based on the existing rules and internal audits, the Company explicitly describes regular exchanges of views between the Representative Director and President and the 3 Audit & Supervisory Board Members. - FY2021RestatedAnnual report
「The Rules on Segregation of Duties define decision-makers and the scope of matters subject to decision in business execution, while the Approval Procedures Rules ensure appropriate procedures through approval documents. Operational audits are conducted by internal audit, audits by corporate auditors are performed, and the Company is audited by the accounting auditor.」
The Company continues to maintain internal controls combining segregation of duties, approval procedures, internal audits, audits by Audit & Supervisory Board Members and accounting audits. - FY2018ReframedAnnual report
「Under the Rules on Management of Affiliated Companies, the Company appropriately manages its subsidiaries. The status of the subsidiaries' business operations and the execution of duties by their directors and other officers is reported at the Company's regular Board of Directors meetings. Each subsidiary has established Compliance Rules, is working to develop a compliance framework, and shares the Company's whistleblower reporting system to ensure proper business operations.」
In addition to its existing internal controls, the Company has expanded its disclosure of group controls to cover the Rules on Management of Affiliated Companies, the subsidiaries' Compliance Rules and the sharing of the whistleblower reporting system. - FY2017RestatedAnnual report
「In addition, to improve management transparency and strengthen compliance, the Company has established Compliance Rules and provides guidance to ensure that business activities are conducted with a higher standard of ethics.」
The Company continues to disclose controls based on segregation of duties, approval procedures, internal audits, audits by Audit & Supervisory Board Members, accounting audits and the Compliance Rules. - FY2016First statedAnnual report
「The Rules on Segregation of Duties define decision-makers and the scope of matters subject to decision in business execution, while the Approval Procedures Rules ensure appropriate procedures through approval documents. Operational audits are conducted by internal audit, audits by corporate auditors are performed, and the Company is audited by the accounting auditor.」
Shows how rules on segregation of duties and approval procedures are combined with internal audits, corporate-auditor audits and accounting audits to ensure proper operations.