Financial Services Agency Action Against the Accounting Auditor and Evaluation of Audit Quality
First written in FY2024. 1 of 2 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2024: 17 of 54 companies on the "Worse" side.
20 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「As a result, taking into account that the audit work for the company was being carried out appropriately and rigorously, as well as the unique nature of the events subject to the sanction, we determined that there was no impact on the firm’s eligibility to serve as the company’s accounting auditor and that it was appropriate to reappoint the audit firm as accounting auditor for the 27th fiscal year.」
The company disclosed its decision to reappoint 太陽有限責任監査法人 after reviewing its business improvement plan and reports following the Financial Services Agency’s sanction, as well as its audit work for the company. - FY2024First statedAnnual report
「Taiyo LLC was sanctioned by the Financial Services Agency on 26 December 2023. The company determined that this had no effect on the firm's eligibility to serve as its accounting auditor and that it was appropriate to reappoint Taiyo LLC as accounting auditor for the 66th fiscal year.」
The company disclosed the details of the administrative sanction suspending the audit firm’s operations, as well as the process by which the Audit and Supervisory Committee decided on reappointment after confirming the firm’s business improvement plan and reports, the status of its audit work for the company and other matters.