Taiyo Technolex (6663) · RiskDropped
Administrative Sanctions Against Audit Firms and the Risks of Continuing the Audit Engagement
First written in FY2023. 1 of 2 entries say "Dropped", first in FY2024. Latest entry: FY2024.
2entries
2years
0from disclosures
How it moved
Same theme, other companies
Continued Appointment of an Audit Firm Under Administrative SanctionsA theme 61 companies write about · 58 as a headwind · 0 as a tailwind
The whole theme swung hardest in 2024: 17 of 56 companies on the "Worse" side.
4 other companies' latest entry also says "Dropped".
Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 61 companies compared. The sentences above are computed from all 61.Full recordFilings, disclosures and news, newest first
- FY2024DroppedAnnual report
「Audit firm: 太陽有限責任監査法人 / Period of continued audit engagement: 3 years」
The regulatory action against the audit firm was not specifically disclosed under risks related to the business during the year; only the continuation of the audit by 太陽有限責任監査法人 was disclosed. - FY2023First statedAnnual report
「Details of the action announced by the Financial Services Agency on 26 December 2023: 太陽有限責任監査法人; suspension of services relating to new engagements from 1 January 2024 to 31 March 2024; business improvement order to improve its operational management structure; and a decision to commence adjudication proceedings related to an order to pay an administrative monetary penalty of approximately ¥96 million.」
The company disclosed the audit firm's service suspension, business improvement order and commencement of proceedings related to an administrative monetary penalty of approximately ¥96 million. It subsequently continued to appoint the audit firm, stating that there was no impact on the company's audit engagement.