Administrative Action Against Audit Firm and Reappointment Assessment
First written in FY2025. 1 of 2 entries say "Mitigated", first in FY2026. Latest entry: FY2026.
The whole theme swung hardest in 2024: 17 of 53 companies on the "Worse" side.
18 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「The Audit and Supervisory Committee has confirmed that the accounting audit conducted by the accounting auditor is being properly performed. It has verified whether the accounting auditor maintains its independence and conducts appropriate audits, received reports on the performance of its duties and audit reports from the accounting auditor, and requested explanations as necessary. As a result, it decided to reappoint the auditor.」
The company disclosed that it decided to reappoint the audit firm after verifying its independence and audit performance, among other matters, despite its history of regulatory action. - FY2025First statedAnnual report
「太陽有限責任監査法人 received an administrative sanction from the Financial Services Agency dated 26 December 2023, suspending for 3 months, from 1 January 2024 through 31 March 2024, its business relating to entering into new contracts. The outline is as follows.」
The company disclosed that the audit firm had received a sanction from the Financial Services Agency, including a 3-month business suspension, and also described the Audit and Supervisory Committee's assessment and decision to reappoint it.