Article 14 (The Audit Special Exceptions Law of Japan)
The Corporate Auditor must report on the matters mentioned in the
respective item of paragraph 3 to the Board of Corporate Auditors
when he has completed perusal of the Corporate AuditorÅfs
report under paragraph 1 of the preceding Article and other auditing
matters.
| 2. |
The Board of Corporate Auditors must submit the
Corporate AuditorÅfs report to the Director within one
week from the date of receipt of the audit report under paragraph
1 of the preceding Article, and further, send a copy thereof
to the external financial auditor. |
| 3. |
The Corporate AuditorÅfs report under the
preceding paragraph must, on the basis of the Corporate AuditorÅfs
report provided for in paragraph 1, state therein the following
matters. In such case, the opinions of each Corporate Auditor
may be added.
(1) If it is recognized that the method or result of audit by
the external financial auditor is inadequate, a statement to
that effect and the reason, as well as the outline of method
or the result of audit by the Corporate Auditor;
(2) The outlines of method of audit of the business other than
accounting;
(3) The matters mentioned in item (6) and items (8) through
(12) of Article 281-3 paragraph 2 of the Commercial Code (with
respect to the matters mentioned in items (6),(9) and (11) of
the said paragraph, limited to the part other than part concerning
accounting). |
| 4. |
The provision of paragraph 4 of the preceding
Article shall apply mutatis mutandis to the audit report under
paragraph 2. |
Article 18-2 (The Audit Special Exceptions Law of Japan)
In the case of the company, all Corporate Auditors shall constitute
the Board of Corporate Auditors.
| 2. |
The Board of Corporate Auditors may, in addition
to the authority provided for in this law, determine auditing
principles, method of investigating the conditions of the business
and the assets of the company, and other matters concerning
the execution of the Corporate AuditorÅfs duties by a
resolution. Provided that, this shall not preclude the authority
of a Corporate Auditor from being exercised. |
| 3. |
The Corporate Auditor must report on the condition
of the execution of his duties when requested by the Board of
Directors. |
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