Integrated Report 2019
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59LINTEC INTEGRATED REPORT 20192 Status of Internal AuditsThe Audit Office regularly implements internal audits of divisions, work sites, plants, and affiliated subsidiaries in addition to verifying that operational execution processes and results comply with the law and internal regulations. The status of these internal audits is reported when necessary to the Audit & Supervisory Committee, and opinions are exchanged on the results of the audits. P54 DiagramC3 Status of Accounting Audits P54 DiagramD• Name of audit firmErnst & Young ShinNihon LLCNote: As of July 1, 2018, Ernst & Young ShinNihon LLC changed its name from ShinNihon LLC.• Certified public accountants who executed the auditDesignated limited liability partnerKoichi TaniguchiDesignated limited liability partnerTsuyoshi Kawamura• Composition of the group of assistants involved with the auditIn regard to the composition of the group of assistants involved with the audit, there were 8 certified public accountants and 32 people who have passed accountant examinations.• Selection policy and reason for audit firmEach period, the Audit & Supervisory Committee conducts an evaluation in accordance with the standards for evaluation and selection of the independent auditor. The independent auditor is selected based on a comprehensive assessment of the independent auditor’s independence, internal control system, audit plans, audit methods and results, and the status of execution of audit duties.The Audit & Supervisory Committee may dismiss the independent auditor in any of the cases stipulated in Article 340, Paragraph 1 of the Companies Act, based on the agreement of all Audit & Supervisory Committee members. In that event, an Audit & Supervisory Committee member selected by the Audit & Supervisory Committee will provide a report of the dismissal and the reason for the dismissal at the first General Meeting of Shareholders convened after the dismissal.In addition, in the event that the Audit & Supervisory Committee, with consideration for the status of the implementation of the independent auditor’s duties, the Company’s audit system, etc., determines that it is necessary to change the independent auditor, then the Audit & Supervisory Committee may decide the details of a proposal to the General Meeting of Shareholders concerning the dismissal or non-reappointment of the independent auditor.• Evaluation of the audit firm by the Audit & Supervisory CommitteeIn accordance with the standards for evaluation and selection of the independent auditor, the Audit & Supervisory Committee will con-duct evaluations from the perspective of the audit firm’s quality control; audit team; audit compensation, etc.; communications with the Audit & Supervisory Committee; relationship with senior execu-tives, etc.; Group audits, and misconduct risk.4 Details of Audit Remuneration, Etc.The Company has adopted transitional measures for Points of Attention Concerning Preparation of Form 2 (56) d (f), items (i) through (iii), from the revised “Cabinet Office Ordinance on the Disclosure of Corporate Affairs, etc.” reflecting the revision enforced by “Cabinet Office Ordinance for Partial Revision of the Cabinet Office Ordinance on the Disclosure of Corporate Affairs, etc.” (Cabinet Office Ordinance No. 3, January 31, 2019).• Remuneration of the independent auditor, etc.(Millions of yen)CategoryFiscal year ended March 31, 2018Fiscal year ended March 31, 2019Remuneration for audit servicesRemuneration for non-audit servicesRemuneration for audit servicesRemuneration for non-audit servicesLINTEC970880Consolidated subsidiaries––––Total970880Note: The remuneration for non-audit services paid by the Company to the independent auditor, etc. in the fiscal year ended March 31, 2018 and 2019, was compensation for officer training.• Other significant remunerationThe following 12 consolidated subsidiaries of the Company paid audit remuneration to Ernst & Young, which is a part of the same network as the Company’s independent auditor, etc.LINTEC SINGAPORE PRIVATE LIMITEDLINTEC INDUSTRIES (MALAYSIA) SDN. BHD.LINTEC INDUSTRIES (SARAWAK) SDN. BHD.LINTEC EUROPE B.V.LINTEC (THAILAND) CO., LTD.LINTEC ADVANCED TECHNOLOGIES (MALAYSIA) SDN. BHD.LINTEC VIETNAM CO., LTD.LINTEC HANOI VIETNAM CO., LTD.LINTEC INDIA PRIVATE LIMITEDPT. LINTEC JAKARTALINTEC KUALA LUMPUR SDN. BHD.LINTEC ASIA PACIFIC REGIONAL HEADQUARTERS PRIVATE LIMITED• Policy for determination of audit remunerationIn regard to audit remuneration for the Company’s independent auditor, etc., an amount estimated from the number of planned audit days, etc., is decided with the approval of the Company’s Audit & Supervisory Committee.Financial InformationESGStrategyOverview

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