Flagship engagement
Statutory Financial Statement Audit
Independent examination of annual financial statements for companies preparing filings under Japanese reporting requirements, with a signed auditor’s opinion.
Request an estimate for this work
Who it is for
Privately held companies, subsidiaries of overseas groups, and organisations that need an independent opinion on annual accounts for lenders, shareholders, or regulatory filings.
Result you receive
A clear auditor’s report on whether the financial statements present fairly the company’s financial position and results, together with a management letter on control observations.
Scope
Planning, risk assessment, substantive testing of material balances, cut-off procedures, and evaluation of disclosures. Fieldwork may be conducted at your offices in Iwate Prefecture or at other agreed sites in Japan.
Included
- Engagement letter and agreed timetable
- Risk-based audit plan tailored to your chart of accounts
- Testing of material balances, revenue, inventory, and related-party items
- Draft and final auditor’s report
- Management letter with ranked observations
- Closing meeting with finance leadership
Not included
- Bookkeeping or preparation of the financial statements
- Tax return preparation or tax controversy representation
- Internal audit secondment or continuous monitoring
- Valuation opinions outside the audit of recorded amounts
Who delivers the work
Lead engagement partner and field team from White Shoal Audit House
Process
- Intake call and document checklist
- Planning and materiality workshop
- Interim procedures (where timing allows)
- Year-end fieldwork and confirmations
- Review, report drafting, and exit meeting
Duration
Typically six to ten weeks from planning kickoff to signed report, depending on entity complexity and readiness of working papers.
Where work happens
On-site at client premises when practical; remote review of secure document packs for follow-up queries.
How to prepare
Trial balance, general ledger extracts, bank confirmations list, inventory count schedules, and draft notes should be ready before fieldwork begins.
Constraints
Independence rules apply. We decline engagements where we have prepared the accounts or hold a conflicting advisory role.
Fees
Fixed engagement fee quoted after review of prior-year files and entity structure. Starting from ¥1,800,000 for a single-entity statutory audit of moderate complexity.
Next step
Request an engagement estimate through our contact form, noting your fiscal year-end and group structure.