Sun* (4053) · RiskMitigated
Administrative Action Against Audit Firm and Impact on Audit Quality
First written in FY2023. 1 of 2 entries say "Mitigated", first in FY2025. Latest entry: FY2025.
2entries
3years
0from disclosures
How it moved
Same theme, other companies
Financial Services Agency Administrative Action Against Audit Firm and Its Impact on Audit Quality and Continuation of the Audit EngagementA theme 87 companies write about · 79 as a headwind · 0 as a tailwind
22 other companies' latest entry also says "Mitigated".
Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 87 companies compared. The sentences above are computed from all 87.Full recordFilings, disclosures and news, newest first
- FY2025MitigatedAnnual report
「Based on the audit firm's track record and its ability to perform the engagement, audit structure and quality control structure, among other factors, we have determined that it is performing its duties appropriately and that there is no issue with appointing it as the accounting auditor.」
Regarding the 2023 administrative disposition against Taiyo Limited Liability Audit Corporation, an explanation was added confirming the improvement plan, the completion of improvement reporting to the Financial Services Agency and a certain degree of improvement, and the audit firm was reappointed. - FY2023First statedAnnual report
「Taiyo Limited Liability Audit Corporation received an administrative disposition from the Financial Services Agency dated 26 December 2023, the details of which are as follows: suspension of activities relating to entering into new engagements for 3 months, from 1 January 2024 through 31 March 2024.」
The administrative disposition imposed by the Financial Services Agency on the audit firm has been disclosed as a new external risk. Meanwhile, the Audit and Supervisory Committee determined that this was a highly specific and unusual case with no impact on the quality of the company's ordinary audits, and reappointed the audit firm.