Internal Audit System
Internal audit is a process in which an independent Internal Audit organization validates and assesses the appropriateness and effectiveness of risk management, internal controls, and governance processes, and reports and makes recommendations to the management for the purpose of contributing to ensuring the soundness and fairness of management, enhancing customer trust, and increasing corporate value.
Organization and Operations
We have established an Internal Audit Division that is independent from the business execution divisions, designating all divisions and operations of the company as subjects of audit. Based on risk assessments, we develop internal audit plans according to the type and degree of risks, and implement risk-based internal audits, which determine audit themes, frequency, and depth accordingly. In addition, off-site monitroing —such as attending various meetings and collecting internal management documents— is in place to promptly detect changes in risk.
Governance of Internal Audit
Internal audit plans are approved by the Board of Directors following deliberation by the Audit & Supervisory Committee, and audits are conducted under the supervision of the Board.
Audit results are promptly submitted through a dual reporting line to both the President and the Audit & Supervisory Committee. In addition, the Internal Audit Division shares its risk awareness and recommendations through regular reports to Management Conference, the Audit & Supervisory Committee, and the Board of Directors.
Furthermore, to support the audit functions of the Audit & Supervisory Committee, internal audits are conducted under its direction, and the results are reported to the Committee.
Internal control
- Home
- Company Information
- Internal control
- Internal Audit System