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The Internal Control Report System, which is applied from fiscal years beginning on or after
It is said, however, that there are still cases in practice where excessively conservative attitudes are apparent. To address the situation, the Financial Services Agency (FSA) reiterated the original intent of the Internal Control Report System by publishing “Eleven Misunderstandings about the Internal Control Report System” on
The FSA also published the outline of administrative measures for smooth implementation of the Internal Control Report System.
Eleven Misunderstandings about the Internal Control Report System (provisional translation)
Administrative Measures for Smooth Implementation of the Internal Control Report System (provisional translation)