Administrative Action against the Audit Firm and Decision to Continue the Audit
First written in FY2025. . Latest entry: FY2026.
The whole theme swung hardest in 2024: 23 of 67 companies on the "Worse" side.
1 other company's latest entry also says "Other".
- FY2026Disclosure of the reasons for and selection process behind the change in audit firmAnnual report
「The Audit and Supervisory Committee had appointed Taiyo Audit Corporation as accounting auditor for 6 years, but considered multiple audit corporations as candidates for the company’s accounting auditor, taking into account the length of the audit engagement and an audit response appropriate to our company’s size and business operations.」
Disclosed the selection process for the change from Taiyo Audit Corporation to 應和監査法人, taking into account the length of the audit engagement, company size and business operations, independence, expertise and audit quality. - FY2026-H1Change of audit firmAnnual report
「The interim consolidated financial statements for the interim consolidated accounting period from 1 April 2025 to 30 September 2025 underwent an interim review by Taiyo Audit Corporation in the previous period and 應和監査法人 in the current period.」
The auditor changed from Taiyo Audit Corporation, which had been subject to an administrative disposition disclosed in the previous fiscal year, to 應和監査法人 for the current interim period. The document provides no additional explanation of the reasons for the change or the risk assessment. - FY2025First statedAnnual report
「Taiyo Audit Corporation received an administrative disposition from the Financial Services Agency dated 26 December 2023. The outline is as follows: suspension for 3 months, from 1 January 2024 through 31 March of the same year, of operations relating to entering into new contracts. The disposition does not directly affect our audit, the progress of the business improvement plan has been satisfactory, and we confirmed that our audit work was being properly conducted. We therefore selected Taiyo Audit Corporation as our accounting auditor.」
Disclosed the Financial Services Agency’s disposition against the continuing auditor, Taiyo Audit Corporation, including a 3-month suspension of operations for entering into new contracts. The company continued to select the firm on the grounds that there was no direct impact on its audit, the business improvement plan was progressing, and the audit was being properly conducted.