Method and Contents of Audit Sample Clauses

Method and Contents of Audit. I communicated with Directors, the Internal Audit Department, other employees, and the parent company’s Audit & Supervisory Board Member, and strived to gather information and prepare the environment for the audit. At the same time, I attended the Board of Directors meetings and other important meetings, received reports from Directors, employees and others on the execution of their duties, requested explanations as needed, reviewed significant internal decision-making documents and other materials, and investigated the status of operations and assets at the headquarters and major business sites. In addition, as for the subsidiaries of JPI, communication and exchange of information were sought with the directors and the Audit & Supervisory Board Member, etc. of such subsidiaries, and reports concerning the subsidiaries’ businesses were received from them, as necessary. Based on the above-mentioned method, inspection was conducted regarding the business report and its Supplementary Schedules for the business term. In addition to monitoring and verifying whether the Accounting Auditor kept its independent position and whether it performed proper audit, I have received reports from the Accounting Auditor concerning the performance of its duties, and requested additional explanation as necessary. Moreover, a notice informing that a “system to ensure the proper performance of the duties” (as prescribed in items of Article 131 of the Ordinance on Accounting of Companies) has been established pursuant to the “Quality Control Standards Concerning Audits” (Business Accounting Council, October 28, 2005), etc. was received from the Accounting Auditor, and requests seeking explanation regarding such system were made, as necessary. Based on the above-mentioned method, inspection was conducted regarding the financial statements (the balance sheet, the statement of income, the statement of changes in equity and notes to financial statements) and the supplementary schedules thereto for the business term.