Internal Audit Framework
We established an Internal Audit Department that is independent of our business-executing departments to contribute to sound and appropriate business operations. We have set up an internal audit framework to review and assess the Company’s internal control system and the appropriateness and effectiveness of our business execution.
The Internal Audit Department carries out internal audits of various internal and external entities, including individual sections within the Head Office, Regional Headquarters, branches and our subsidiaries as well as the sales agencies of Japan Post.
Audited organizations where problems or issues have been identified in an internal audit must carry out the corrections or improvements. Follow-up is to be undertaken periodically to evaluate improvement measures taken by audited organizations in response to suggestions by the internal audits. The Internal Audit Department reports the results of internal audits to the President, CEO, Representative Executive Officer, the Audit Committee and the Board of Directors.
The Internal Audit Department is also seeking to improve the professional skills required for auditing by enhancing its training programs for internal auditors and encouraging staff to obtain the relevant qualifications. At the same time, the Department has endeavored to strengthen the Company’s internal audit framework by securing experienced staff in each area of the Company’s operations.