Statutory Financial Statement Audit
Independent examination of annual financial statements for companies preparing reports under Japanese accounting practice, with a signed audit opinion and management letter.
Who it is for
Mid-size trading houses, manufacturers, and service firms in Yamanashi and the wider Kanto corridor that need an independent opinion on year-end accounts.
Result
A clear audit opinion on the financial statements, a management letter on control observations, and working papers retained for the statutory record.
Scope
Planning, risk assessment, control testing, substantive testing of balances and transactions, subsequent events review, and final reporting.
Provider
Lead auditor and field team from Nagisa Ledger Works, supervised by the engagement partner.
Included
- Engagement letter and materiality memo
- Walkthroughs of revenue, purchases, payroll, and cash cycles
- Sample-based substantive testing of ledger balances
- Inventory observation where material
- Draft and final auditor's report
- Management letter with ranked observations
Not included
- Bookkeeping or preparation of the financial statements
- Tax return filing
- Internal audit outsourcing as a standing function
- Forensic investigation beyond agreed procedures
How the work runs
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Intake call and conflict check
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Engagement letter and planning meeting
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Interim fieldwork on controls and early balances
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Year-end substantive testing and inventory count attendance
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Clearance meeting and issuance of the report
Duration
Typically eight to fourteen weeks from planning kickoff to report issuance, timed to your closing calendar.
Location
Fieldwork at your premises in Japan, with working paper review from our Yamanashi office.
Preparation
Trial balance, general ledger extracts, bank confirmations list, inventory count instructions, and access to accounting staff during the visit weeks.
Constraints
Independence rules apply; we cannot both prepare and audit the same statements. Engagements are scheduled against our capacity calendar.
Fees
Quote-based on entity size, locations, and complexity. Starting from ¥1,800,000 for a single-entity year-end audit.
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