Casio 2014 Annual Report Download - page 13

Improving the Internal Control System
Based on our corporate creed of “Creativity
and Contribution,” Casio has established a
basic policy for internal controls to ensure
reliable and accurate financial reporting. It has
also set up an Internal Control Committee to
implement controls, comprising members of
the Company’s Accounting Department, Infor-
mation System Department, CSR Operations
Section and Internal Audit Department.
In fiscal 2009, the Company created a
self-monitoring structure to govern the opera-
tional processes of the main departments and
Group companies, to allow for the early
detection of any risk that might have an
impact on financial reporting.
Fiscal 2010 was the second year after entry
into effect of the internal control reporting
system under the Financial Instruments and
Exchange Law. For this reason, we have intro-
duced our Operation Responsibility System, to
strengthen monitoring mechanisms compared
with fiscal 2009.
Based on a policy set by the Internal Control
Committee, persons responsible for control
systems appointed by each Group company
and department ensure appropriate conduct
operations over time in major operations, and
carry out periodic checks. If they discover any
flaw or inefficiency, they propose and imple-
ment remedial measures, keeping the Internal
Control Committee informed through reports
as needed.
From fiscal 2011, in anticipation of the sys-
tematic adoption of International Financial
Reporting Standards in Japan five years from
now, we are taking Groupwide measures to
strengthen our financial position and further
raise internal control standards.
Risk Management
In line with our Basic Risk Management Policy,
we have created a system to systematically and
efficiently manage risk across the whole Com-
pany. A Chief Risk Management Officer
appointed by the CSR Committee to serve as
chairman of the Risk Management Committee
selects, reviews and decides on risk manage-
ment issues that need to be addressed.
Issues identified by the Risk Management
Committee are handled by the main risk man-
agement departments, which take action as
needed at the level of the department or Group
company involved, ensuring measures are fully
understood Groupwide and providing guidance.
The Risk Management Committee Secretariat
oversees risk management at all stages of the
management process, utilizing the PDCA man-
agement cycle, and holds meetings and man-
ages progress in risk management activities.
The Internal Audit Department’s audits into
management systems are conducted indepen-
dently from the risk management activities of
the Company.
Risk management system
Main risk management departments
Risk management departments
CSR Committee
Internal Audit Department
Chief Risk Management Officer
Risk Management Committee
Risk Management Committee Secretariat
Staff function departments
Casio Computer Co., Ltd., Group companies
Profile / Contents CASIO’s StrengthHistory To Our Stakeholders At a Glance Special Feature CSR Financial Section
PAGE 12
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