Simplex Holdings (4373) · RiskMitigated
Disciplinary Action Against the External Auditor and Audit Quality Risk
First written in FY2025. 1 of 2 entries say "Mitigated", first in FY2026. Latest entry: FY2026.
2entries
2years
0from disclosures
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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 89 companies write about · 81 as a headwind · 0 as a tailwind
22 other companies' latest entry also says "Mitigated".
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Showing 14 of the 89 companies compared. The sentences above are computed from all 89.Full recordFilings, disclosures and news, newest first
- FY2026MitigatedAnnual report
「Based on the criteria above, we evaluated the accounting auditor and reappointed Taiyo Audit Corporation as the accounting auditor for the 11th fiscal year, from 1 April 2026 to 31 March 2027.」
The filing states that Taiyo Audit Corporation was reappointed after evaluating quality control, the audit team, fraud risk, and other factors in relation to the risk associated with the accounting auditor's disciplinary action disclosed previously. - FY2025First statedAnnual report
「Taiyo Audit Corporation received disciplinary action from the Financial Services Agency on 26 December 2023. The details are as follows. ・Suspension of services relating to the conclusion of new contracts: 3 months, from 1 January 2024 to 31 March 2024 ・Order to improve operations (improvement of the operational management system)」
The company disclosed that its accounting auditor had received a 3-month suspension of services and an order to improve operations from the Financial Services Agency. The Audit and Supervisory Committee evaluated the auditor's improvement efforts and reappointed it after determining that the company's audit work was being conducted appropriately and rigorously.