We are aware of our social mission to ensure the reliability of the financial statements of a company as an independent auditor, and have kept in mind that we must be fair and honest throughout the audit.
Giving top priority to ensure quality of our audit work, we have implemented in-house training for our personnel regularly to maintain and improve each capacity as an expert of auditing and accounting, and have also strived to establish and maintain appropriately our quality control system as a whole.
In response to internationalization and complication of corporate activities, as a member of HLB international, a world-wide network of independent accounting firms and business advisers, we have been making efforts to accumulate knowledge and experience through our audit services according to international accounting standards such as IFRS, US GAAP, as well as to enhance our quality control by receiving the periodic review of HLBI so as to keep our audit at the international high level.
As to risks of fraud, we have been striving to improve fraud detection skills by placing professionals such as CISAs and Certified Fraud Examiners, and have been making use of fraud inspection tool “ActiveData for Excel” developed by InformationActive Inc.
For fraud deterrence, we always strive to implement an effective and efficient audit through keeping a close cooperation with company auditors etc., with whom we actively try to exchange opinions and information.
In the past, every time accounting fraud was discovered, downfall of social credit for the financial statement audit arose as a problem. This is nothing but another expression of social expectations that the auditor's clear opinion on the financial statements implies that there is no significant fraud which affects the financial statements.
In Japan recent cases of accounting fraud have triggered publishing the standard to address risks of fraud. We have to sincerely accept that there are such social expectations as its background and they have become common recognition in the world.
Striving to exercise increased professional skepticism so as not to overlook any significant fraud, we are decided to dedicate ourselves to pushing forward our business for maintenance and improvement of the credit for the financial statement audit so that we can contribute to sound development of the world economy.
July 1, 2014