Identify and report significant control deficiencies or material weaknesses to the board of directors' audit committee and to the company's independent auditor
Grant Thornton has been the Company's independent auditor
The Independent Auditor
will provide the Board with a Report to the Legislature and a Management Letter.
Sarbanes-Oxley and SEC rules require the independent auditor
to disclose any accounting treatments preferred by them.
Next week, the board is expected to choose the independent auditor
to examine school-modernization projects.
Accordingly, they have lost the status and resigned from being Sony's independent auditor
for the Japanese legislative audit.
The prior consent of the Board of Corporate Auditors of the Company has been obtained with regard to the decision not to renew the engagement of the current independent auditor
and for the election of the new independent auditor
-- Public and private companies should employ a competent independent auditor
who is familiar with the industry in which the company operates.
Tokyo, Japan, June 29, 2006 - (JCN Newswire) - At the 28th ordinary general meeting of shareholders on June 29, 2006, Sanix Incorporated (TSE: 4651) resolved an issue of appointment of its independent auditor
This raises the serious risk that the company's independent auditor
will not attest to the company's internal controls under Section 404 of Sarbanes-Oxley.
The report, issued by independent auditor
KPMG, finds that all of Innoviant's control objectives for hosting and processing customer data are achieved without significant exception or deficiency.
Are a former partner or employee of an independent auditor
that worked on the company's audit engagement within three years.