Appointment of a Temporary Accounting Auditor
abc株式会社 (the filing company) and プログレス監査法人 (the incoming temporary accounting auditor)
Crypto asset dealing business
The audit firm ultimately decided to resign because it became difficult to maintain and build a sufficient relationship of trust due to inadequate communication and differences in understanding regarding assessments at the time, among other factors.
Company response
Withdrawal from the crypto asset dealing business (the sale will be completed by the end of August 2026)
Strengthening of the accounting and governance systems, including outsourcing work to external experts
① Issuance of corrective disclosure concerning the timely disclosure dated 14 April 2026; ② withdrawal from the crypto asset dealing business (the sale will be completed by the end of August 2026); ③ strengthening of the accounting and governance systems, including personnel changes and outsourcing work to external experts; ④ renewal of the Company's officers at the next Annual General Meeting of Shareholders as part of a review of the management structure; ⑤ thorough prior consultation and communication regarding significant accounting treatments and timely disclosure
Renewal of the Company's officers at the next Annual General Meeting of Shareholders
The corrective measures will be implemented sequentially. The sale of the crypto asset dealing business will be completed by the end of August 2026, and the Company's officers will be renewed at the next Annual General Meeting of Shareholders.
| Item | Details |
|---|---|
| Event name | Appointment of a Temporary Accounting Auditor |
| Date of occurrence | 12 August 2026 (the date on which the Audit & Supervisory Board resolved the appointment and the effective date of the change) |
| Date recognized / date notice received | 12 May 2026 (the date on which the company received the resignation notice from プログレス監査法人) |
| Subject Entity | abc株式会社 (the filing company) and プログレス監査法人 (the incoming temporary accounting auditor) |
| Target Locations / Products | Crypto asset dealing business |
| Cause | The audit firm ultimately decided to resign because it became difficult to maintain and build a sufficient relationship of trust due to inadequate communication and differences in understanding regarding assessments at the time, among other factors. |
| Suspended operations | Withdrawal from the crypto asset dealing business (the sale will be completed by the end of August 2026) |
| Investigation structure | Strengthening of the accounting and governance systems, including outsourcing work to external experts |
| Measures to prevent recurrence | ① Issuance of corrective disclosure concerning the timely disclosure dated 14 April 2026; ② withdrawal from the crypto asset dealing business (the sale will be completed by the end of August 2026); ③ strengthening of the accounting and governance systems, including personnel changes and outsourcing work to external experts; ④ renewal of the Company's officers at the next Annual General Meeting of Shareholders as part of a review of the management structure; ⑤ thorough prior consultation and communication regarding significant accounting treatments and timely disclosure |
| Directors' and officers' liability | Renewal of the Company's officers at the next Annual General Meeting of Shareholders |
| Outlook | The corrective measures will be implemented sequentially. The sale of the crypto asset dealing business will be completed by the end of August 2026, and the Company's officers will be renewed at the next Annual General Meeting of Shareholders. |
Items this document does not state (14)
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.Although communication deficiencies and differences in understanding regarding the accounting treatment of crypto assets and timely disclosure had once made it difficult to maintain the relationship of trust, the company proceeded with measures including corrective disclosure, withdrawal from the crypto asset dealing business, and the strengthening of its accounting and governance systems. As a result, プログレス監査法人 indicated its intention to take up the appointment again.