2002 Fiscal Year Final Research Report Summary
About the worth and the future view of the corporate auditor system in the Japanese Corporate Governance
| Project/Area Number |
13620048
|
|---|
| Research Category |
Grant-in-Aid for Scientific Research (C)
|
| Allocation Type | Single-year Grants |
|---|
| Section | 一般 |
|---|
| Research Field |
Civil law
|
|---|
| Research Institution | HITOTSUBASHI UNIVERSITY |
|---|
Principal Investigator |
KAWAMURA Masayuki Hitotsubashi University, Graduate School of Law, Professor, 大学院・法学研究科, 教授 (80092625)
|
|---|
| Project Period (FY) |
2001 – 2002
|
| Keywords | corporate governance / corporate auditor / board of corporate auditors / company adopting the corporate auditor system / company adopting the committee system / financial audit / business audit / outside corporate auditor |
|---|
| Research Abstract |
The revised Commercial Code 2003 admitted Japanese companies to use the U.S. type corporate governance system. And so, Japanese companies can choose to adopt either the Committee System or the traditional corporate auditor System. This research was proceeding with the re-consideration of the effectiveness of the corporate auditor system in Japanese corporate governance, in accordance wish the development of the recent large Company code revision
I conclude first as a result of this research, that the auditing function of the company will be weakened under the Committee System and reliability improvement of the internal control systems and the certified public accountants system are the indispensable premise for effective auditing in this system. And it will be an important related theme whether a new System doesn't produce other new defects. Because the U.S. corporate governance system's influence has on our new system very strongly taken, so I carried out fieldwork in New York, and it was related to the new system's evaluation from the active lawyer, the certified public accountant, the Japanese companies managing staffs, and local administration person. I had heard many useful opinions for these problems
I conclude second, that you should say that stall there is a kemel of the oversight in the financial auditing and the necessity to add the person to the board of corporate auditors who have specialty as a financial auditor in account and financial affairs, even if the weight of the business audit rises as for the oversight by the corporate auditor in the recent legal revision. And the corporate auditor system, the board of auditors system adopting executive officers system still has important value in Japanese corporate governance, because the corporate governance system has strong connection with the culture, climate of one country
|
Research Products
(4 results)
