Audit Risk Relating to the Suspension of an Accounting Auditor’s Operations
First written in FY2024. 2 of 3 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2024: 17 of 54 companies on the "Worse" side.
20 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「As a result, we evaluated the accounting auditor’s structure, audit procedures and other matters as appropriate.」
The company confirmed the independence and audit procedures of Taiyo有限責任監査法人 and continued to select it as the accounting auditor. - FY2025RestatedAnnual report
「As a result, we confirmed that the order would not directly affect the company’s audit, that progress was being made on the business improvement plan, and that the company’s audit was being properly conducted. We therefore selected Taiyo有限責任監査法人 as the accounting auditor.」
Regarding the audit firm’s suspension of operations, the company confirmed that there was no direct impact on its audit and that the audit was being properly conducted, and continued to select the firm. - FY2024First statedAnnual report
「Taiyo有限責任監査法人 received an administrative order from the Financial Services Agency dated 26 December 2023 suspending its operations, as outlined below. Scope of the order: suspension for 3 months of operations relating to entering into new contracts, from 1 January 2024 to 31 March 2024.」
The company disclosed the external event of the audit firm’s 3-month suspension of operations and, after confirming that there was no direct impact on its audit, among other matters, continued to select the audit firm.