Engagement
Opening Balance & Transition Assurance
Assurance work on opening balances when you change auditors, adopt a new reporting framework, or consolidate a newly acquired subsidiary.
Who it is for
Companies switching from another auditor, first-time adopters of Japanese GAAP or IFRS, and groups integrating acquisitions.
Result
Documented comfort on opening equity, retained earnings bridges, and key balance sheet line items before the first full-year audit under our engagement.
Delivery
Document-heavy remote work with targeted site visits to inventory and cash locations
Duration
3–6 weeks depending on ledger complexity
Pricing basis
Day-rate or scoped fixed fee — starting from ¥680,000
Included
- Review of prior auditor working papers where access is granted
- Reconciliation of equity movements and accounting policy bridges
- Targeted testing of high-risk opening accounts
Not included
- Full-year statutory audit (quoted separately)
- Purchase price allocation valuation
Process
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Access request
Coordinate predecessor auditor files and management schedules.
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Bridge testing
Trace opening balances to supporting evidence and policy notes.
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Memo to governance
Summarise residual uncertainties before year-end planning.
Preparation
Prior-year audited statements, equity roll-forwards, and acquisition closing packs.
Constraints
Predecessor cooperation affects timetable; delays are disclosed early.
Next step
Share your transition timeline and prior reporting framework.