The introduction of the drastic monetary easing measures from early 2013, followed by the depreciation of the yen, proved effective as exporting companies have notably shown upward momentum in their business performance and also the improvement in consumer confidence is recognized. Signs of a recovery in the Japanese economy are finally looming. Having said that, future growth is still challenging if it is addressed solely at the Japanese domestic market, given the aging society faced by Japan.
It is essential for Japanese companies to enhance corporate value that helps earn recognition by foreign investors and to gain trust so as to attract global risk money. Aarata draws fully upon the strength of the expertise and experience of the PwC Network that branched out into 158 countries and hopes to play a part in winning the faith of the market by taking a challenging stance towards clients. Auditors should fulfill their duties when they have a full understanding of the entire business of a client with the viewpoint of the company’s management. Thus, our major responsibility rests with an expansion of alignment with advisory or tax professionals and being relevant for all aspects of the management of Japanese entities for the sake of the Japan’s capital market.
Adapting to the business environment of a client calls for efforts in “Integrated Reporting” that raises corporate value in a sustainable way, let alone supporting the implementation of IFRS. Also we have actively embarked on initiatives including promoting new services in renewable energy, involving a creation of governance criteria for cloud IT security and focusing on any future projects that are socially necessary and meaningful in nature. Furthermore, we endeavor to offer in-depth audit services by dispatching a large number of staff to foreign countries, accepting scores of professionals from overseas PwC offices and flexibly allocating professionals with diversified background.
Leveraging comprehensive strength of PwC Network, Aarata contributes to the growth of Japanese corporations and their sound development. This is the mission of Aarata. We are fully committed to being relevant to all stakeholders including clients and we will do our best to remain as a trusted partner for you.
July 1, 2013