Establishment of a Tendering System for Accounting Auditors and Changes of Audit Firms
First written in FY2022. 3 of 5 entries say "Restated". Latest entry: FY2026.
- FY2026RestatedAnnual report
「While continuing to reappoint the same audit firm, we established a tender system, with reference to audit-firm rotation systems introduced in other countries, to objectively assess the audit firm's independence, quality-control framework and operating structure, among other matters. Tenders are to be conducted every 10 years of continuous auditing by the same accounting auditor.」
Deloitte Tohmatsu LLC has been reappointed, and the system of conducting a tender every 10 years of continuous auditing by the audit firm has been continued. - FY2024-Q2RestatedAnnual report
「Pursuant to Article 193-2, paragraph 1 of the Financial Instruments and Exchange Act, we have received a quarterly review by Deloitte Tohmatsu LLC of the quarterly consolidated financial statements for the second quarter of the consolidated accounting period (1 July 2023 to 30 September 2023) and the six months ended the second quarter (1 April 2023 to 30 September 2023).」
Following the change in audit firms after the introduction of the tender system, Deloitte Tohmatsu LLC has reviewed the quarterly consolidated financial statements for the second quarter. - FY2023-Q3RestatedAnnual report
「Consolidated fiscal year 66: EY ShinNihon LLC Third quarter of consolidated fiscal year 67 and nine months ended the third quarter: Deloitte Tohmatsu LLC」
Based on the change in audit firms following the introduction of the tender system, it has been confirmed that Deloitte Tohmatsu LLC conducted the quarterly review for the third quarter of fiscal year 67. - FY2023-Q1AchievedAnnual report
「66th consolidated fiscal year EY ShinNihon LLC First quarter of the 67th consolidated fiscal year and cumulative first quarter Deloitte Tohmatsu LLC」
Regarding the change in audit firms following the introduction of the tender system, the first quarter of the 67th fiscal year marked the start of audit reviews by Deloitte Tohmatsu LLC, indicating that the change had entered the implementation phase. - FY2022First statedAnnual report
「While continuing to reappoint the same audit firm, the Audit & Supervisory Board decided to establish a “bidding system,” referring to audit-firm rotation systems adopted in other countries, to objectively assess the independence, quality-control system and work-performance structure of the incumbent audit firm. The system will be implemented every 10 years of continuous auditing by the same independent auditor.」
The company established a system of conducting a tender every 10 years of continuous auditing by the same independent auditor. Following a comparison of multiple audit firms, Deloitte Tohmatsu LLC was appointed as the new independent auditor at the ordinary general meeting of shareholders held in June 2022.