Reviewing the audit structure following a change in the accounting auditor
First written in FY2020. 1 of 3 entries say "Restated". Latest entry: FY2024.
34 other companies' latest entry also says "Other".
- FY2024Decision on reappointment in light of the audit firm's administrative sanctionAnnual report
「Taiyo Audit Corporation received a business suspension order from the Financial Services Agency dated 26 December 2023. An overview is provided below. • Suspension of operations relating to the execution of new contracts: 3 months (from 1 January 2024 to 31 March 2024). As a result, we determined that the order would not affect the performance of our audit for the current fiscal year and that there would be no issue with selecting Taiyo Audit Corporation as our accounting auditor for the next fiscal year in light of our selection policy, and agreed to its reappointment.」
The company disclosed that its accounting auditor had received a 3-month business suspension order from the Financial Services Agency, reviewed the details, background and business improvement plan relating to the order, and agreed to its reappointment. - FY2021RestatedAnnual report
「Starting with the audit of the fiscal year ending March 2020, we newly appointed Taiyo Audit Corporation as our accounting auditor. The reasons for the appointment were that, taking into consideration the number of consecutive years for which the former accounting auditor had conducted the audit, we expected to further enhance the reliability of the financial statements through an audit based on new perspectives and methods. In addition, in light of the diversification of our Group's business areas, we expected audit procedures tailored to our business characteristics, efficient audits and appropriate audit fees.」
The company has reconfirmed the audit structure provided by Taiyo Audit Corporation and the reasons for the change, including its fresh perspective and ability to address the company's business characteristics. - FY2020First statedAnnual report
「For the audit of the fiscal year ended March 2019, we had appointed Deloitte Touche Tohmatsu LLC as the accounting auditor. Deloitte Touche Tohmatsu LLC, which had served as our accounting auditor, completed its term of office and left the position upon the conclusion of the 18th Annual General Meeting of Shareholders held on 27 June 2019. Accordingly, we newly appointed Taiyo Audit Corporation as our accounting auditor starting with the audit of the fiscal year ending March 2020.」
The accounting auditor changed from Deloitte Touche Tohmatsu LLC to Taiyo Audit Corporation on 27 June 2019. The reasons for the appointment were a fresh perspective, audit procedures tailored to the company's business characteristics, audit efficiency and the appropriateness of audit fees.