Quantitative Evaluation of the Accounting Auditor by the Audit & Supervisory Board
First written in FY2019. 2 of 4 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2024: 22 of 64 companies on the "Worse" side.
0 other companies' latest entry also says "Other".
- FY2025Evaluation and continued appointment of the audit firm following administrative actionAnnual report
「Taiyo Yugen Sekinin Audit Corporation 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 operations relating to entering into new contracts. The Audit Committee received an explanation from Taiyo Yugen Sekinin Audit Corporation of its business improvement report prepared in response to the business improvement order. The Audit Committee also received explanations regarding key audit matters and other matters, and, following a comprehensive quantitative evaluation and an exchange of views, appointed Taiyo Yugen Sekinin Audit Corporation as the Company's accounting auditor.」
The filing describes the Financial Services Agency's suspension of the accounting auditor's operations and the explanation of its business improvement report, after which the Audit Committee conducted a comprehensive quantitative evaluation and exchanged views before continuing the appointment. - FY2023RestatedAnnual report
「The Audit Committee has conducted a comprehensive quantitative evaluation based on evaluation sheets submitted by each Audit Committee member, in accordance with the previously established method for evaluating the accounting auditor.」
The system for conducting a comprehensive quantitative evaluation of the accounting auditor based on evaluation sheets remains in place. - FY2021RestatedAnnual report
「The Audit Committee has conducted a comprehensive quantitative evaluation based on evaluation sheets submitted by each Audit Committee member, in accordance with the previously established method for evaluating the accounting auditor.」
The system for conducting a comprehensive quantitative evaluation of the accounting auditor based on evaluation sheets remains in place. The filing states that the audit firm has served as auditor continuously since 1979. - FY2019First statedAnnual report
「The Audit Committee has conducted a comprehensive quantitative evaluation based on evaluation sheets submitted by each Audit Committee member, in accordance with the previously established method for evaluating the accounting auditor.」
For the first time, the filing specifically described a system for conducting a comprehensive quantitative evaluation of the accounting auditor based on evaluation sheets completed by each Audit Committee member.