Casio 2012 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,
Information System Department, CSR
Operations Section and Internal Audit
Department.
In fiscal 2009, the Company created a self-
monitoring structure to govern the operational
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 of
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
systematic 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
Company. 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
management 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 management cycle, and holds meetings
and manages 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
Internal Audit Department
CSR Committee
Chief Risk Management Officer
Risk Management Committee
Staff function departmentsMain risk management departments
Casio Computer Co., Ltd., Group companiesRisk management departments
Risk Management Committee Secretariat
Profile / Contents To Our
Stakeholders
History Core CompetenceAt a Glance Special Feature CSR Activities Financial Section Corporate Data
Corporate
Governance
GCorporate Governance 1 ECorporate Governance 2
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CASIO Annual Report 2012
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