OHWA & CO.

We aim to be an audit firm that is truly trusted by companies and various stakeholders by exercising “critical” and “leadership” functions based on our ability to recognize “facts”. We aim to be an audit firm that is truly trusted by companies and various stakeholders.

In recent years, the responsibility of our audit firms has often come under close scrutiny in the wake of accounting scandals, and each time this happens, additional measures are taken to maintain and improve audit quality, such as setting new standards and applying GovernanceCode to audit firms.
Indeed, as a public entity that plays a fundamental role in the capital markets, we, too, take it for granted that we must provide audits in compliance with various standards to fulfill our accountability to various stakeholders, and we have spent much time and effort in maintaining and improving audit quality by developing, operating, and reviewing audit tools and establishing and operating strict quality control rules whenever new measures are implemented.
However, in the 70 years since the CPA system was established and the 50 years since the first audit firm in Japan was founded, have our mission and role changed significantly?
Since our establishment, we have believed that “Certified Public Accountants, as audit and accounting professionals, shall, in their independent capacity, ensure the reliability of financial documents and other financial information, thereby contributing to the fair business activities of companies, etc., the protection of investors and creditors, and the sound development of the national economy (Certified Public Accountants Act, Article 1)” is the constant mission of an audit corporation.
This does not mean simply conducting audits in accordance with formal manuals and providing critical guidance, but rather “properly understanding the facts of the matter” and “conducting audits with the two wheels of ‘guidance function’ and ‘critical function'” will enhance the reliability of financial statements and, in turn, the credibility of the audit corporation. We believe that we can fulfill our mission.
We will not be swayed by the formal aspects of the system, but will reaffirm the mission of an audit corporation and aim to be an audit corporation that is truly trusted by companies and stakeholders.