Establishment of an External Auditor Re-evaluation System and Change of Audit Firm
First written in FY2020. 1 of 3 entries say "Achieved", first in FY2021-Q1. Latest entry: FY2026.
22 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「During the fiscal year (the 106th fiscal year), the company obtained the necessary materials regarding the audit firm’s quality control, audit team, audit fees, communication with the Audit Committee, group audits and fraud risks, and conducted inquiries with the accounting auditor. After evaluating the accounting audit as properly conducted, it determined that it was appropriate to continue appointing KPMG AZSA LLC.」
Based on the accounting auditor re-evaluation framework, the company evaluated quality control, fraud risks and other matters and determined that continuing to appoint KPMG AZSA LLC was appropriate. - FY2021-Q1AchievedAnnual report
「The company’s quarterly consolidated financial statements are subject to quarterly reviews by KPMG AZSA LLC. The company’s audit firm has changed as follows: 100th consolidated fiscal year: Tōyō Audit Corporation; first quarter of the 101st consolidated fiscal year and cumulative period: KPMG AZSA LLC.」
The audit firm changed from Tōyō Audit Corporation in the previous fiscal year to KPMG AZSA LLC from the first quarter of the current fiscal year, and the company received a quarterly review from KPMG AZSA LLC. - FY2020First statedAnnual report
「The Audit & Supervisory Board established a re-evaluation system for the accounting auditor in order to obtain an objective understanding of audit firm quality control and other matters.” “Under this system, every 10 years the company compares and evaluates the incumbent accounting auditor against other audit firms without taking into account its past audit performance for the company, enabling it to identify matters that would not become apparent while the same audit firm continues to be reappointed and to continuously improve the effectiveness of accounting audits.” “For the accounting auditor for the following consolidated fiscal year (the 101st fiscal year), the company provisionally decided to appoint KPMG AZSA LLC.”」
The company established a system for comparing and evaluating audit firms every 10 years and provisionally decided to appoint KPMG AZSA LLC as the accounting auditor for the following fiscal year.