By Ron Chen, Bureau Chief, Asia.

Fujitsu has announced that it was awarded the 37th Chairperson’s Award by the Institute of Internal Auditors Japan (hereinafter IIA Japan). The Chairperson’s Award recognizes companies and management organizations that have systematically improved their internal auditing and have continued to actively conduct internal auditing activities over a long period of time, achieving results and contributing to the dissemination and development of the discipline.

Fujitsu has been awarded in recognition of its exemplary internal audit efforts, including:

• Disclosure of its “Basic Policy on the Establishment of Internal Control System” and establishment of internal standards to implement this policy, update it as necessary, and endeavor to enhance its internal audit capabilities and organization
• Active promotion of initiatives including support for obtaining international qualifications and development of internal audit support tools to improve the skills and abilities of internal auditors
• Conducting audits from the viewpoint of compliance with laws and internal regulations, as well as audits on specific themes that meet the needs of senior management and corporate auditors and other urgent issues of the company such as the status of compliance with laws and regulations after the transfer of businesses and consolidation of business sites, etc.

In keeping with the spirit of the award, Fujitsu is dedicated to demonstrating its ongoing commitment to improving its internal auditing systems and promoting best practices for internal auditing.