Engagement
Statutory Financial Statement Audit
An independent audit opinion on annual financial statements, with fieldwork timed to your close and a management letter your board can act on.
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Who it is for
Companies that need a signed opinion
Finance directors and controllers at Japanese companies and foreign subsidiaries that must present audited financial statements to lenders, shareholders, or parent groups. Best suited when ledgers are maintained in Japanese GAAP or IFRS and a clear year-end close calendar already exists.
Included
- Engagement letter and planning meeting with materiality discussion
- Risk assessment and significant account scoping
- Substantive testing of revenue, inventory, receivables, payables, and cash
- External confirmation procedures
- Draft financial statement review and management letter
- Independent auditor’s report
Not included
- Bookkeeping or preparing the financial statements for you
- Tax return preparation or tax opinions
- Internal audit outsourcing on a continuous basis
- Due diligence for acquisitions outside a separate engagement
Process
How the engagement unfolds
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Planning call
We confirm reporting framework, group deadlines, and access to ledgers. Materiality and key risks are agreed in writing.
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Interim fieldwork
Before year-end we test controls and perform interim substantive work on accounts that move steadily through the year.
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Final fieldwork
After the trial balance locks, we complete cut-off tests, confirmations, and inventory observation where required.
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Reporting
Findings are walked through with your finance lead; the opinion and management letter follow once open items close.
Harbor Balance’s flagship statutory audit is designed for entities that need more than a checklist review. We examine the ledgers that support your financial statements, test assertions behind significant balances, and document our work so lenders and parent companies can rely on the opinion.