Administrative action against the audit firm and continuation of the audit
First written in FY2024. 2 of 3 entries say "Restated". Latest entry: FY2026.
19 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The appointment of an audit firm is determined based on a comprehensive evaluation of the firm's expertise, independence, propriety and other factors. Based on this policy, we determined that Taiyo Audit Corporation was suitable to serve as our audit firm and appointed it as our accounting auditor.」
The company continues to be audited by the audit firm after evaluating its expertise, independence and propriety, despite the firm having received an administrative sanction. - FY2025RestatedAnnual report
「Taiyo Yusei Audit Corporation received an administrative business suspension order from the Financial Services Agency dated 26 December 2023. An overview is provided below.」
While disclosing the audit firm's administrative sanction, the company continues to appoint the firm after evaluating its expertise, independence and propriety. The coexistence of continued auditing and sanction risk has been reconfirmed. - FY2024First statedAnnual report
「Taiyo Audit Corporation received an administrative order from the Financial Services Agency on 26 December 2023 suspending its business operations. The details are as follows. Order: suspension for 3 months of operations relating to the conclusion of new contracts, from 1 January 2024 through 31 March of the same year」
The company has disclosed for the first time that its audit firm received a 3-month business suspension order from the Financial Services Agency, including the details of the order covering the continuation of existing contracts.