Administrative Action Against Audit Firm and Ongoing Monitoring of Audit Quality
First written in FY2024. 1 of 2 entries say "Mitigated", first in FY2025. Latest entry: FY2025.
23 other companies' latest entry also says "Mitigated".
- FY2025MitigatedAnnual report
「太陽有限責任監査法人 is subject to a Financial Services Agency administrative action dated 26 December 2023 suspending its business of entering into new audit engagements for 3 months, from 1 January 2024 to 31 March 2024, but the company has confirmed the seriousness of the facts underlying the business suspension, the extent of its impact on the company, the status of measures taken and improvements made to the audit firm's structure following the suspension, and the lifting of the action.」
Regarding the administrative action against the audit firm, the audit committee has confirmed that the action was lifted and that the firm's structure had been established and improved, and has assessed that there are no issues with the performance of the statutory auditor's duties. - FY2024First statedAnnual report
「太陽有限責任監査法人 was subject to a Financial Services Agency administrative action dated 26 December 2023 suspending its business of entering into new audit engagements for 3 months, from 1 January 2024 to 31 March 2024,」
The company disclosed that the audit firm had been subject to a 3-month business suspension by the Financial Services Agency, received an explanation of its business improvement plan, and stated that it would continue to monitor the situation by receiving reports on its progress.