Engagement

Annual Financial Statement Audit

A full-year examination of your balance sheet, income statement, and cash flows under Japanese GAAP, with fieldwork timed to your fiscal close in Niigata.

From ¥980,000 per fiscal year

Request an engagement letter
Auditor reviewing printed financial statements at a desk with ledgers

Our flagship engagement is the annual financial statement audit for privately held companies, subsidiaries of listed groups, and cooperatives that need an independent opinion on their year-end accounts.

We work primarily with manufacturers, wholesale traders, and professional partnerships headquartered in Niigata Prefecture. Engagements typically run eight to fourteen weeks from planning to signed report, depending on the complexity of inventory, receivables, and intercompany balances.

Who it is for

Finance directors and managing partners who must present audited statements to banks, shareholders, or parent companies. You should already maintain monthly ledgers; we do not rebuild your books as part of this engagement.

What you receive

A formal auditor’s report stating whether the financial statements present fairly, in all material respects, the company’s financial position under the agreed framework (usually Japanese GAAP). You also receive a management letter describing control observations and proposed adjusting entries.

Duration and delivery

Fieldwork usually occupies two to three weeks on site at your office or plant, with follow-up queries handled from our desk in 西岡町. Remote document review is available for subsidiaries with centralised ledgers.

Preparation

Please have trial balances, fixed-asset registers, bank reconciliations, and inventory count instructions ready two weeks before fieldwork. Delays in confirmations from banks or major customers can extend the reporting date.

Pricing basis

Fees start at ¥980,000 for a single-entity engagement with a relatively simple balance sheet. Material inventory locations, multi-currency receivables, or first-year audits are priced after a scoping call. A thirty-percent deposit confirms the engagement letter.

Included

  • Planning meeting and risk assessment against your chart of accounts
  • Substantive testing of material balances and year-end cut-off
  • Inventory observation when stock is material to the balance sheet
  • Draft management letter with findings and recommended adjustments
  • Signed auditor’s report on the annual financial statements

Outside scope

  • Tax return preparation or tax audit defence
  • Continuous bookkeeping or payroll processing
  • Opinions on prospective financial information or forecasts
  • Due diligence for acquisitions outside an agreed addendum

How the engagement proceeds

  1. 1

    Scoping call

    We confirm reporting framework, materiality thresholds, and the timetable around your fiscal year-end.

  2. 2

    Planning & risk mapping

    We map significant accounts, related-party exposures, and prior-year adjustments before fieldwork begins.

  3. 3

    Fieldwork

    On-site or hybrid testing of samples, bank confirmations, and roll-forwards of key schedules.

  4. 4

    Reporting

    You receive a draft report and management letter; after clearance, we issue the signed opinion.

Ready to schedule this review?

Tell us about your fiscal year-end and the statements you need examined. We reply within two business days.

Write to the audit desk