Internal Audits
Internal auditing at the Asset Management Company is conducted by the Internal Audit Office.
The Internal Audit Office conducts internal audits for all divisions and offices of the Asset Management Company other than itself. However, if the Internal Audit Office manager also jointly serves as the Compliance Officer, the Internal Audit Office manager's internal auditing powers will be conferred upon the Finance & Administrative Division manager for the purpose of carrying out internal auditing related to the work of the Compliance Office.
Internal auditing at the Asset Management Company is conducted at least once per fiscal year, in accordance with the basic audit plan and audit implementation plan.
After conducting an internal audit, the Internal Audit Office manager reviews and gives feedback on the results (including rough assessments conducted before reporting to the CEO) to the audited department in person, records the details as a document of the review meeting with the consent of the audited department, and distributes it to the audited department and other concerned departments. Furthermore, the Internal Audit Department manager promptly creates an audit report once the internal audit is complete, reports to the CEO, Board of Directors, and Compliance Committee, and sends a copy of the report to the person in charge in the audited department.
After receiving the audit report, the person in charge in the audited department must enter any improvement measures, policies, etc. implemented based on the recommended matters for correction indicated in the report on the designated response form without delay, then report to the Internal Audit Office manager as the person in charge of auditing. The Internal Audit Office manager, as the person in charge of auditing, collects the reply form, reports the details to the CEO and Board of Directors, verifies the implementation status of improvement measures based on the response form, and, if necessary, conducts follow-up audits. In addition, as an initiative to supplement internal audits, the Asset Management Company conducts voluntary inspections in all departments to verify whether administrative processes, etc. are being carried out appropriately in accordance with laws and internal regulations.