Administrative Sanctions Against the Audit Firm and Response to Audit Quality
First written in FY2024. 1 of 2 entries say "Mitigated", first in FY2026. Latest entry: FY2026.
The whole theme swung hardest in 2024: 17 of 54 companies on the "Worse" side.
18 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「The Company's Audit & Supervisory Committee evaluates the audit firm after comprehensively considering the audit team's structure, the appropriateness of the audit plan and the status of audit execution. Regarding 太陽有限責任監査法人, the Company has identified no circumstances that would impair the independence or expertise of the accounting auditor and has assessed that the firm is capable of conducting an appropriate audit.」
Regarding the audit firm subject to the disclosed administrative disposition, the Audit & Supervisory Committee evaluated its independence, expertise and audit plan, among other matters, and determined that it is capable of conducting an appropriate audit. - FY2024First statedAnnual report
「Entity subject to disposition: 太陽有限責任監査法人 / Details of disposition: Suspension for 3 months of operations relating to entering into new contracts, from 1 January 2024 through 31 March 2024; business improvement order (improvement of the business management system)」
The Company disclosed a 3-month suspension on entering into new contracts and a business improvement order imposed on the audit firm, and explained that the entity subject to the disposition was not involved in the Company's audit work and that it had determined there were no issues with continuing the audit.