Administrative Action Against the Audit Firm and Reappointment of the Accounting Auditor
First written in FY2024. 1 of 2 entries say "Dropped", first in FY2025. Latest entry: FY2025.
The whole theme swung hardest in 2024: 17 of 54 companies on the "Worse" side.
2 other companies' latest entry also says "Dropped".
- FY2025DroppedAnnual reportThis filing contains no direct mention of the administrative sanction against Taiyo Audit Corporation disclosed in the previous fiscal year. The firm continues to be appointed as the accounting auditor and continues to conduct the audit.
- FY2024First statedAnnual report
「Taiyo Audit Corporation received an administrative sanction from the Financial Services Agency on 26 December 2023. The main details were as follows: suspension of services for entering into new contracts for 3 months, from 1 January to 31 March 2024. The Company determined that the sanction would not affect the performance of its audit for the current fiscal year and that, in light of its selection policy, there was no issue with selecting Taiyo Audit Corporation as its accounting auditor for the following fiscal year, and agreed to its reappointment.」
The Company disclosed the Financial Services Agency’s administrative sanction against its accounting auditor, Taiyo Audit Corporation, and stated that the Audit and Supervisory Committee had reviewed the sanction and the business improvement plan before deciding to reappoint the auditor for the following fiscal year.