Serendip Holdings (7318) · RiskRestated
Risks to the consolidated financial reporting framework associated with an increase in consolidated subsidiaries
First written in FY2022. 1 of 2 entries say "Restated". Latest entry: FY2023.
2entries
2years
0from disclosures
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Same theme, other companies
Delays in Financial Closing and Disclosure Processes Following the Addition of a Consolidated SubsidiaryA theme 3 companies write about · 3 as a headwind · 0 as a tailwind
0 other companies' latest entry also says "Restated".
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- FY2023RestatedAnnual report
「If the management systems of the companies targeted for investment are inadequate and financial statements cannot be prepared in a timely and appropriate manner, the preparation of consolidated financial statements may also be delayed or otherwise become inappropriate.」
The risks associated with the management systems of acquired companies and the consolidated reporting system continue as the number of consolidated subsidiaries increases. - FY2022First statedAnnual report
「If the management systems of the companies targeted for investment are inadequate and financial statements cannot be prepared in a timely and appropriate manner, the preparation of consolidated financial statements may also be delayed or otherwise become inappropriate.」
The disclosure describes the risk that inadequate management systems at acquired companies, as the number of consolidated subsidiaries increases through M&A, could delay or compromise the preparation of consolidated financial statements.