Receipt of Resignation Notice from Accounting Auditor
プログレス監査法人, the accounting auditor of the filing company (abc株式会社)
Crypto asset (SOL coin)
The company was unable to establish a relationship of sufficient trust with プログレス監査法人. The background includes discussions and responses concerning the accounting treatment and timely disclosure of crypto assets and the sale of crypto assets.
Company response
Proposed corrective measures in future disclosures to clarify the audit firm's exemption from liability
The company has begun selecting candidates for a temporary accounting auditor for the current fiscal year (the fiscal year ending August 2026) and will promptly announce the decision once made. It will also begin discussions with multiple audit firms regarding the accounting auditor for the next fiscal year (the fiscal year ending August 2027) and beyond. プログレス監査法人 will cooperate with the handover of audit work.
The company will promptly announce the decision once a temporary accounting auditor has been appointed.
| Item | Details |
|---|---|
| Event name | Receipt of Resignation Notice from Accounting Auditor |
| Date of occurrence | 8 May 2026 (the date the resignation notice was received; the actual resignation date and effective date are not stated) |
| Date recognized / date notice received | 8 May 2026 |
| Subject Entity | プログレス監査法人, the accounting auditor of the filing company (abc株式会社) |
| Target Locations / Products | Crypto asset (SOL coin) |
| Cause | The company was unable to establish a relationship of sufficient trust with プログレス監査法人. The background includes discussions and responses concerning the accounting treatment and timely disclosure of crypto assets and the sale of crypto assets. |
| Measures to prevent recurrence | Proposed corrective measures in future disclosures to clarify the audit firm's exemption from liability |
| Outlook | The company has begun selecting candidates for a temporary accounting auditor for the current fiscal year (the fiscal year ending August 2026) and will promptly announce the decision once made. It will also begin discussions with multiple audit firms regarding the accounting auditor for the next fiscal year (the fiscal year ending August 2027) and beyond. プログレス監査法人 will cooperate with the handover of audit work. |
| Planned follow-up disclosure | The company will promptly announce the decision once a temporary accounting auditor has been appointed. |
Items this document does not state (16)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Despite repeated discussions with プログレス監査法人 regarding the accounting treatment and timely disclosure of crypto assets and the sale of crypto assets, the company was unable to establish a relationship of sufficient trust with the audit firm. The audit firm has cited the wording of past timely disclosures and its response to the sale of crypto assets as the reasons. The company apologized for discrepancies in the terminology used in its disclosures and explained that the temporary difficulty in selling the assets was due to changes in market conditions, including sharp price fluctuations in SOL coin.