Addressing the Audit Refugee Crisis
In a notable development, SMASH International Audit Firm, based in the Takanawa area of Tokyo, has announced its capability to handle accounting audits for companies concluding their fiscal year in March 2027. This statement comes at a time when many businesses face challenges finding a dependable audit firm. The growing shortage of professionals in the auditing sector has led to increased fees and a decline in service quality, driving some companies to feel like they are becoming "audit refugees."
The Growing Challenge of Audit Refugees
The audit industry is currently grappling with a chronic labor shortage, resulting in rising audit fees and diminishing service standards. Particularly concerning are companies that follow the March-end fiscal year, as they report difficulties in finding audit firms that are currently accepting new clients or are willing to renew contracts with existing clients. This issue is particularly pressing for non-listed companies, where large audit firms are increasingly reluctant to take on new clients.
SMASH International Audit Firm's Key Strengths
1.
Global Standard Audit Quality
Adhering to the tagline, "Bringing trust and assurance to the global society," SMASH International provides high-quality audits not only for foreign companies but also for domestic enterprises, all in accordance with international standards.
2.
Experienced Professionals from Large Audit Firms
The firm boasts a team of certified public accountants with extensive experience at major auditing firms, enabling them to accurately address complex accounting issues and industry-specific challenges.
3.
Stress-Free and Smart Audits
Known for minimizing the operational burden on client companies, SMASH has received praise for conducting audits with efficient communication and minimal stress.
4.
Flexibility in Operations
Even with the approaching deadline for the March-end fiscal year, the firm is well-equipped to take on audit engagements. Companies in need are encouraged to reach out without delay.
Information on the 2027 Fiscal Year-End Audits
Target Companies:
- Businesses requiring statutory audits, voluntary audits, and other financial statement audits, particularly non-listed firms.
Suitable Industries:
- Manufacturing, services, IT, trading companies, retail, and more.
Features:
- Fair audit fees
- Prompt responses and smooth audit scheduling
- High-quality audits from an experienced audit team.
Comment from Daisuke Mori, Managing Partner
Daisuke Mori emphasizes the complexities in the current audit sector, stating, "The challenges we face today in this industry extend beyond mere labor shortages. The rising cost of audit fees places an additional burden on businesses, leading to an increase in companies struggling to find the right audit firm. SMASH International was established to tackle these challenges head-on. Utilizing the extensive expertise and knowledge gained from large audit firms along with a global perspective, we strive to provide smart audits that align with our clients' needs.
Despite the limited time before the March-end fiscal year, our firm is prepared to take on audit projects. Companies searching for audit firms or those experiencing issues with their current audits are welcome to consult with us. We’re committed to delivering high-quality audit services that facilitate sustainable growth and trust for our clients."
Contact Information
For companies contemplating the 2027 fiscal year-end audit and searching for an audit firm, please feel free to reach out to SMASH International Audit Firm.