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Disclosure of early application of “continuous audit period” of audit corporation in securities report “audit status”
In the fiscal year ended March 31, 2019, there were 83 companies that applied the disclosure of the “continuous audit period” of the audit corporation in the “audit status” required to be disclosed from the securities report for the fiscal year ending March 31, 2020 in the fiscal year ended March 31, 2019. Management Finance 2019-09-02).
More than half of the 83 companies (45 companies) had a period of 1 to 15 years, 22 companies from 15 to 30 years, and the remaining 16 companies had a duration of 31 years or more.
The longest disclosed period is 68 years (“1951 and beyond”, EY Sinnihon, food), and it is said that the audit of listed companies based on the Securities and Exchange Law was started in 1951 in Japan. The 68 years are considered to be the longest period in Japan.