Statutory financial statement audit

Who this engagement is for

Finance directors and CFOs at mid-sized companies in Wakayama and neighbouring prefectures who need an independent auditor’s report on the annual financial statements — often for statutory filing, lender covenants, or shareholder assurance.

Result you receive

A signed auditor’s report expressing an opinion on whether the financial statements present fairly, in all material respects, in accordance with the applicable financial reporting framework. You also receive a management letter summarising control observations and adjusting entries discussed during fieldwork.

Scope included

• Engagement planning, risk assessment, and materiality determination
• Tests of controls where we intend to rely on them
• Substantive testing of revenue, purchases, payroll, inventory, and significant estimates
• Physical inventory observation at agreed locations
• Bank and receivable confirmation procedures
• Partner-level review and issuance of the auditor’s report

Scope excluded

• Bookkeeping or preparation of the financial statements themselves
• Tax return preparation or tax advice
• Valuation opinions on specialised assets outside ordinary audit procedures
• Continuous monitoring between audit periods

Provider & delivery

Engagements are led by a Rinsen partner with fieldwork staffed by senior associates familiar with coastal manufacturing and trading ledgers. Work is delivered on-site at your offices and warehouses, with interim remote review of schedules where practical.

Process & timeline

1. Scoping call — entity list, year-end date, inventory sites, prior-year issues
2. Planning memo — materiality, significant risks, confirmation timeline
3. Interim / year-end fieldwork — typically four to eight weeks across visits
4. Clearance meeting — draft findings and proposed adjustments
5. Report issuance — auditor’s report and management letter

Preparation we ask of you

Trial balance, draft statements, inventory count instructions, bank letter authorisations, and access to general ledger detail for the periods under audit. Warehouse managers should reserve count windows before we schedule observation.

Pricing basis

Fees are quoted after we understand entity count, inventory locations, and consolidation complexity. Starting guidance for a single-entity manufacturer with one warehouse is often in the ¥1.8M–¥2.8M range; multi-site or consolidated groups are higher. A written estimate precedes acceptance.

Next step

Request an estimate with your year-end date, number of entities, and inventory sites. We reply within two business days with scoping questions or a draft fee range.