Horai (9679) · RiskMitigated
Administrative action against the audit firm and decision to continue the audit
First written in FY2024. 1 of 2 entries say "Mitigated", first in FY2025. Latest entry: FY2025.
2entries
2years
0from disclosures
How it moved
Same theme, other companies
Financial Services Agency Administrative Action Against Audit Firm and Its Impact on Audit Quality and Continuation of the Audit EngagementA theme 87 companies write about · 79 as a headwind · 0 as a tailwind
22 other companies' latest entry also says "Mitigated".
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Showing 14 of the 87 companies compared. The sentences above are computed from all 87.Full recordFilings, disclosures and news, newest first
- FY2025MitigatedAnnual report
「As a result, the company determined that the sanction would not affect the performance of its audit for the current fiscal year and, in light of its selection policy, that it was appropriate to select Taiyo Yugen Kaisha Audit Corporation as the company’s accounting auditor for the 143rd fiscal period as well, and consented to its reappointment.」
Regarding the audit firm’s administrative sanction, the company stated that it had reviewed the details, background and business improvement plan, determined that there would be no impact on the company’s audit, and consented to the firm’s reappointment. - FY2024First statedAnnual report
「Taiyo Yugen Kaisha Audit Corporation received an administrative sanction from the Financial Services Agency on 26 December 2023. The details are as follows.」
The company disclosed that its audit firm had received an administrative sanction from the Financial Services Agency and stated that, after reviewing the details and reasons for the sanction and the business improvement plan, it determined that there would be no impact on the company’s audit and that reappointment was appropriate.