Change of Accounting Auditor and a New Perspective on the Audit
First written in FY2021. 8 of 11 entries say "Cited as achieved", first in FY2022-Q1. Latest entry: FY2025.
95 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「Period of continuous auditing: 4 years」
Following the change of accounting auditor in 2021, the company has continued to appoint Grant Thornton Taiyo LLC. After confirming the implementation of and completion of reporting under the business improvement plan concerning the Financial Services Agency’s action, the company determined that there were no particular issues with continuing the appointment. - FY2024Disclosure and continued appointment following administrative action against the audit firmAnnual report
「Taiyo LLC received an administrative action from the Financial Services Agency dated 26 December 2023, as outlined below.」
The company disclosed that the Financial Services Agency had suspended Grant Thornton Taiyo LLC, which had a continuous audit period of 3 years, from entering into new contracts for 3 months and had issued a business improvement order, among other measures. The Audit and Supervisory Committee confirmed that business improvements had been initiated and partially completed, and that the certified public accountants subject to the action were not involved in the company’s audit, among other matters, and determined that there was no issue with continuing the appointment. - FY2024-Q3Cited as achievedAnnual report
「Pursuant to Article 193-2, Paragraph 1 of the Financial Instruments and Exchange Act, we have undergone a quarterly review by Grant Thornton Taiyo LLC of the quarterly financial statements for the third quarter (1 October 2023 to 31 December 2023) and the cumulative third-quarter period (1 April 2023 to 31 December 2023).」
It has been confirmed that, even after the change of accounting auditor, the company underwent a quarterly review of the third quarter by Grant Thornton Taiyo LLC. - FY2024-Q2Cited as achievedAnnual report
「Pursuant to Article 193-2, paragraph 1 of the Financial Instruments and Exchange Act, we have undergone a quarterly review by Grant Thornton Taiyo LLC of the quarterly financial statements for the second-quarter accounting period (1 July 2023 to 30 September 2023) and the year-to-date second-quarter period (1 April 2023 to 30 September 2023).」
It has been confirmed that, even after the change of accounting auditor, the company underwent a quarterly review of the second quarter by Grant Thornton Taiyo LLC. - FY2024-Q1Cited as achievedAnnual report
「Pursuant to Article 193-2, paragraph 1 of the Financial Instruments and Exchange Act, we have undergone a quarterly review by Grant Thornton Taiyo LLC of the quarterly financial statements for the first-quarter accounting period (1 April 2023 to 30 June 2023) and the year-to-date first-quarter period (1 April 2023 to 30 June 2023).」
It has been confirmed that, even after the change of accounting auditor, the company underwent a quarterly review of the first quarter by Grant Thornton Taiyo LLC. - FY2023Cited as achievedAnnual report
「96th fiscal year (1 April 2021 to 31 March 2022) Grant Thornton Taiyo LLC」
Following the change of accounting auditor, Grant Thornton Taiyo LLC has conducted the audit as the audit firm, with a continuous audit period of 2 years. - FY2023-Q3Cited as achievedAnnual report
「Pursuant to Article 193-2, paragraph 1 of the Financial Instruments and Exchange Act, we have undergone a quarterly review by Grant Thornton Taiyo LLC of the quarterly financial statements for the third-quarter accounting period (1 October 2022 to 31 December 2022) and the year-to-date third-quarter period (1 April 2022 to 31 December 2022).」
It has been confirmed that, even after the change of accounting auditor, the company underwent a quarterly review of the third quarter by Grant Thornton Taiyo LLC. - FY2022Cited as achievedAnnual report
「96th fiscal year (1 April 2021 to 31 March 2022) Grant Thornton Taiyo LLC」
Following the change on 25 June 2021, Grant Thornton Taiyo LLC served as the accounting auditor for the 96th fiscal year, with a continuous audit period of 1 year, as disclosed. - FY2022-Q3Cited as achievedAnnual report
「Pursuant to Article 193-2, paragraph 1 of the Financial Instruments and Exchange Act, the company has undergone a quarterly review by Taiyo Audit & Advisory Co. of the quarterly financial statements for the third quarter accounting period (1 October 2021 to 31 December 2021) and the cumulative third quarter period (1 April 2021 to 31 December 2021).」
It was confirmed that the company continued to undergo a quarterly review for the third quarter by Taiyo Audit & Advisory Co. after the change of accounting auditor. - FY2022-Q1Cited as achievedAnnual report
「First quarter of the 96th fiscal year Taiyo Audit & Advisory Co.」
For the first quarter following the change of accounting auditor, it was confirmed that the company had undergone a quarterly review by Taiyo Audit & Advisory Co. - FY2021AchievedAnnual report
「The company has a sufficient system to ensure that audits by the audit firm concerned are conducted appropriately and properly. However, because the audit engagement had continued for a long period and an audit from a new perspective was considered necessary, the company compared and considered other audit firms. As a result, it determined that Taiyo Audit & Advisory Co. was suitable as the accounting auditor, based on its expertise, independence, quality control system, audit fee levels and the expectation that it would provide audits from a new perspective.」
The accounting auditor changed from Deloitte Touche Tohmatsu LLC, which had handled the audit for 16 years, to Taiyo Audit & Advisory Co. on 25 June 2021. The company cited a new perspective as the reason for the change, given the long continuation of the prior engagement.