Administrative Sanction Against Audit Firm and Confirmation of Audit Quality
First written in FY2024. 2 of 3 entries say "Restated". Latest entry: FY2026.
19 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The Audit and Supervisory Committee receives reports from the executive management on the actual activities of the accounting auditor and, throughout the fiscal year, independently receives reports from the accounting auditor on its audit work, evaluating whether it maintains audit quality and performs its audits appropriately.」
Reconfirmed the decision to continue the agreement after evaluating the audit firm’s audit quality, independence and performance of its duties. - FY2025RestatedAnnual report
「Based on the results of the audit of the Company over the past 8 years, we reviewed its ability to perform the engagement, audit framework, quality-control framework, independence and expertise, among other matters. As we found that it was performing its duties appropriately, we determined that there was no issue with selecting 太陽有限責任監査法人 as the audit firm, provided that we continue to receive regular reports on its improvement status.」
Regarding the regulatory action against the audit firm disclosed in the previous fiscal year, we reviewed audit quality and other matters, continued the agreement and continued to receive regular reports on the status of improvements. - FY2024MaterialisedAnnual report
「太陽有限責任監査法人 has been subject to measures including a 3-month suspension of services relating to entering into new contracts, from 1 January 2024 to 31 March of the same year, and an order to improve operations, including its operational management framework.」
Disclosed that the audit firm had been subject to regulatory action relating to audits of other companies. The Company explained that the certified public accountants subject to the action had not been involved in its audit and that, after reviewing its audit and quality-control frameworks, it had determined that there was no issue with continuing the audit agreement.