Administrative Action Against Audit Firm and Ongoing Assessment of Audit Quality
First written in FY2024. 1 of 2 entries say "Restated". Latest entry: FY2025.
19 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「The Audit and Supervisory Committee received a report from the audit firm referred to above on the progress and operating status of the quality control framework established under the improvement plan concerning the above order to improve operations, submitted to the Financial Services Agency on 31 January 2024. The committee assessed that improvement efforts to prevent recurrence were being implemented steadily and that audit services for the company were being performed appropriately and rigorously, and determined that it was appropriate to continue audits by the audit firm.」
The company continued to assess the progress and operating status of the improvement plan and the appropriateness of its own audit for the audit firm sanctioned by the Financial Services Agency, and determined that continuing the audit was appropriate. - FY2024First statedAnnual report
「太陽有限責任監査法人 was sanctioned by the Financial Services Agency on 26 December 2023. The details are as follows: ・Suspension of activities relating to entering into new engagements: 3 months (from 1 January 2024 through 31 March 2024) ・Order to improve operations (improvement of the operational management structure)」
The company disclosed for the first time the Financial Services Agency’s 3-month suspension of the audit firm from entering into new engagements and its order to improve operations. The company explained that it assessed the progress and implementation of the improvement plan and the appropriateness of its own audit, and determined that it was appropriate to continue audits by the audit firm.