Engagements
Opening Balance Sheet Review for New Subsidiaries
Independent review of opening balances when a Japanese subsidiary is newly consolidated or switches reporting framework mid-year.
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When a Japanese subsidiary is newly acquired or first consolidated, the opening balance sheet review gives the parent’s finance team confidence that equity, inventory, and receivable opening figures are supportable before the first consolidated close.
We compare local ledgers to the opening pack, flag reconciling items, and prepare an issues memo your consolidation team can act on. This is often a precursor to a full statutory audit in the following year.
Starting fees from ¥480,000 for a single entity with a clean prior-year close; older books with incomplete schedules are scoped individually.
Included
- Review of opening equity, retained earnings, and significant asset balances
- Mapping notes between local GAAP and parent reporting framework where needed
- Issues memo for the consolidation team
Outside this engagement
- Ongoing monthly bookkeeping
- Full year statutory audit unless separately engaged
Ready to discuss year-end timing?
Share your closing calendar and entity structure. We will reply with a scoped estimate and proposed fieldwork window.
Write to the engagement team