Statutory Financial Statement Audit

Harbor Column Audit’s flagship engagement is the statutory financial statement audit for operating companies and Japanese subsidiaries that need an independent opinion on year-end accounts.

We work with finance directors who close books under Japanese GAAP or IFRS, often under pressure from a parent company or lender that expects a clean opinion and a clear trail of adjustments. Fieldwork is led on site in Okinawa Prefecture when logistics allow, with remote document review between visits so your team is not blocked waiting for us.

Who this is for

Mid-size trading, hospitality, manufacturing, and service companies with annual revenue typically between a few hundred million and several billion yen. Entities preparing first-time IFRS packs for an overseas parent are a common fit.

Scope and result

You receive an independent auditor’s opinion on the financial statements as a whole, plus a management letter that ranks findings by financial statement impact — not a generic checklist. We document sampling methods, confirmation results, and cut-off procedures in working papers retained under our engagement file policy.

Duration and delivery

A typical single-entity engagement runs eight to fourteen weeks from signed engagement letter to opinion, depending on the quality of the trial balance and how quickly confirmations return. Multi-entity groups add consolidation review time agreed in the fee letter.

Preparation we ask of you

A locked trial balance, draft statements, bank reconciliations, inventory count instructions, and a schedule of related-party transactions. We send a document request list after the planning meeting so your accounting team can stage materials before we arrive.

Pricing basis

Fees are quote-based from a starting figure of ¥1,800,000 for a single operating entity with straightforward revenue cycles. Complexity — multi-location inventory, significant estimates, or late closing — is priced in the estimate before fieldwork begins.

Next step

Request an estimate with your closing date, reporting framework, and number of entities. We reply within two business days with a proposed fieldwork window.

Included

Planning meeting covering materiality, significant accounts, and closing calendar
Risk assessment of revenue recognition, inventory cut-off, and related-party balances
Substantive testing of selected ledger accounts and supporting documents
Written audit opinion and a management letter with ranked findings
Close-out call with finance leadership to walk through adjustments and open items

Outside this engagement

Bookkeeping, payroll processing, or preparation of the financial statements themselves
Tax return filing or transfer-pricing documentation
Continuous monitoring of daily transactions after the opinion date

How the engagement unfolds

1

Engagement scoping

We review prior-year statements, chart of accounts, and entity structure, then agree materiality and the fieldwork window with your finance lead.
2

Interim procedures

Walk-throughs of sales, purchasing, and cash cycles; testing of selected controls; early identification of cut-off risks before year-end.
3

Final fieldwork

Substantive sampling of balances, confirmations where warranted, review of subsequent events, and draft opinion discussion with management.
4

Reporting

Delivery of the signed opinion, management letter, and a short briefing for the board or parent company finance team.

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