Cedar Scope Financial Review

Flagship engagement

Statutory Financial Statement Audit

Independent examination of annual financial statements for companies preparing filings under Japanese reporting conventions and lender covenants.

Ledger books and fountain pen on a wooden desk

Who it is for

Privately held companies in Toyama and across Japan that need an independent auditor’s opinion for shareholders, banks, or group reporting.

Result

A signed auditor’s report, management letter on control findings, and a clear schedule of adjustments discussed with finance leadership.

Scope

Balance sheet, income statement, cash flow statement, and notes; sampling of material balances; walkthroughs of revenue recognition and inventory cut-off.

Included

  • Planning meeting and risk assessment memorandum
  • Fieldwork at your office or designated document room
  • Draft findings discussion before final report
  • Final auditor’s report and management letter

Not included

  • Bookkeeping or preparation of the statements themselves
  • Tax return filing or tax controversy representation
  • Internal audit outsourcing for the full year

Delivery

Provider, process, and timeline

Provider: Engagement partner and fieldwork team from Cedar Scope Financial Review

  1. Intake call to confirm reporting framework and timeline
  2. Document request list and planning memorandum
  3. Fieldwork and sample testing
  4. Closing meeting and report issuance

Duration: Typically six to ten weeks from kickoff to report, depending on group complexity and readiness of working papers.

Location: On-site in Toyama Prefecture when practical; hybrid document review for multi-location groups.

Preparation

Trial balance, draft statements, bank confirmations list, contracts for material commitments, and access to general ledger extracts.

Constraints

We do not accept engagements where we have prepared the books or where independence is impaired.

Fees

Quote-based; engagement letters state a fixed fee for the stated scope with hourly rates for out-of-scope work.

Request an engagement estimate with your year-end date and reporting framework.

Request an engagement estimate