Communication Between Independent Directors and Chief Internal Auditor and CPA
- The Company’s Audit Office conducts audits in accordance with the annual audit plan on a monthly basis and delivers the audit reports to each independent director for review by the end of the following month.
- Any deficiencies or recommended improvements identified during audits are compiled into quarterly internal audit follow-up reports, which are also provided to each independent director for review by the end of the following month.
- The Chief Internal Auditor attends meetings of the Audit Committee to report on the implementation of internal audit activities.
- Independent directors have direct communication channels with the Chief Internal Auditor and may directly contact and communicate with them as needed.
- The CPA attends meetings of the Audit Committee and the Board of Directors to communicate and interact with independent directors regarding the audit or review of financial reports and internal control-related matters, and also attends the Shareholders' Meeting.
Communication in 2024:
| Audit Committee Meeting Dates | Significant Matters Discussed with Internal Audit Officer | Significant Matters Discussed with CPA |
| February 22, 2024 | Internal audit report (separate meeting) | Review of the 2023 financial statements, including any issues or difficulties encountered during the review and management’s responses (separate meeting) |
| May 9, 2024 | Internal audit report (separate meeting) | Review of the Q1 2024 financial statements, including any issues or difficulties encountered during the review and management’s responses (separate meeting) |
| August 9, 2024 | Internal audit report (separate meeting) | Review of the Q2 2024 financial statements, including any issues or difficulties encountered during the review and management’s responses (separate meeting) |
| November 5, 2024 | Internal audit report (separate meeting) | Review of the Q3 2024 financial statements, including any issues or difficulties encountered during the review and management’s responses (separate meeting) |
| December 19, 2024 | 2025 internal audit plan (separate meeting) | Audit planning for the 2024 financial statements and key audit matters (separate meeting) |
Result: The above matters were reviewed or approved by the Audit Committee and carried out in accordance with the resolutions. Independent directors raised no objections.