Audit Firm Suspension Order and Assessment of Its Impact on the Audit
First written in FY2024. 1 of 2 entries say "Mitigated", first in FY2025. Latest entry: FY2025.
22 other companies' latest entry also says "Mitigated".
- FY2025MitigatedAnnual report
「The Company received an explanation from the audit firm regarding the details of the measure and an outline of its business improvement plan, as well as an explanation that the business improvements had been completed. Based on its audit track record and its assessment of the firm's ability to perform the work, audit structure and quality control structure, the Company determined that the firm was performing its duties appropriately and that there was no issue with continuing to select it as the audit firm.」
Regarding the suspension of operations imposed on the audit firm, the Company disclosed that, after receiving an explanation that business improvements had been completed and assessing the audit structure and other factors, it determined that there was no issue with continuing to select the firm. - FY2024First statedAnnual report
「Suspension of operations relating to entering into new contracts for 3 months, from 1 January 2024 through 31 March of the same year. The measure was imposed because the audit firm failed to exercise due care in auditing another company's financial statements and certified financial statements containing material misstatements as free of material misstatements.」
The Company disclosed the suspension of operations imposed on its audit firm. The Company explained that the certified public accountant subject to the measure was not involved in the Company's audit work and that the measure had no impact on the Company's audit.