Shizuku Audit Partners

Statutory Audit

Statutory Financial Statement Audit

Independent examination of annual financial statements for Japanese companies preparing reports under the Companies Act and related reporting frameworks.

Who it is for

Privately held and listed Japanese companies that need an independent opinion on annual financial statements for shareholders, lenders, or regulatory filings.

Result

A signed auditor’s report expressing an opinion on whether the financial statements present fairly, in all material respects, the company’s financial position and results.

Scope

Planning, risk assessment, substantive testing of material balances, evaluation of accounting estimates, and reporting to those charged with governance.

Included

  • Engagement letter and independence confirmation
  • Materiality and risk assessment documentation
  • Substantive procedures on cash, receivables, inventory, payables, and equity
  • Review of significant accounting estimates and disclosures
  • Management letter on control observations
  • Auditor’s report and communication with the board or audit committee

Not included

  • Bookkeeping or preparation of the financial statements
  • Tax return preparation or tax advisory
  • Internal audit outsourced staffing
  • Due diligence for mergers or acquisitions

Provider

Licensed engagement partners and audit staff of Shizuku Audit Partners, based in Tottori Prefecture with fieldwork across Japan as required.

Process

  1. Introductory call to confirm reporting framework and filing deadlines
  2. Proposal with fee estimate based on entity size and complexity
  3. Engagement letter and independence checks
  4. Interim planning visit or remote walkthroughs
  5. Year-end fieldwork and evidence gathering
  6. Draft report, clearance of open items, and final signing

Duration

Typical cycle: four to ten weeks from planning kickoff to signed report, depending on entity size and readiness of working papers.

Location

On-site at the client’s finance office when needed, with remote document review available for routine schedules.

Preparation

Trial balance, general ledger extracts, bank confirmations, inventory count schedules, and draft financial statements ready before fieldwork begins.

Constraints

We do not accept engagements where independence is impaired, nor audits of entities outside our capacity for the current busy season.

Fees

Quote-based from ¥480,000 for smaller private entities; fees reflect hours, locations, and specialist involvement.

Next step

Request an engagement estimate through the contact form, noting your fiscal year-end and reporting framework.

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