PricewaterhouseCoopers Aarata converts to a limited liability audit corporation

18 February 2016

TOKYO, 18 February 2016 – PricewaterhouseCoopers Aarata (Office: Chuo-ku, Tokyo; CEO: Koichiro Kimura) announced today that it has initiated the process of converting the firm to a limited liability audit corporation. Management aims to complete the conversion on 1 July 2016, which coincides with the firm’s 10th anniversary, and from which date the firm’s new name will be PwC Aarata Yugen Sekinin Kansa Hojin (English name: PricewaterhouseCoopers Aarata LLC).

The firm remains committed to continuously strengthening its accountability to stakeholders. Organisational governance initiatives remain a key focus for the firm beyond the conversion to a limited liability audit corporation. Moreover, it will continue to contribute to the maintenance and development of the financial and capital markets of Japan through the execution of high-quality audits.

December 2015 saw the firm issue its first “Transparency Report 2015—A Report on Audit Quality.” This document augments publicly available explanatory materials on the firm’s operational and assets status. The report represents a strong demonstration of enhanced disclosure by outlining the governance, and quality control systems that PricewaterhouseCoopers Aarata is building to fulfil its mission.

*”Transparency Report 2015” is available from the following site (only in Japanese):
http://www.pwc.com/jp/ja/assurance/corporate/transparency-report.html

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About PricewaterhouseCoopers Aarata
In fulfillment of its mission to provide audits and assurance as outstanding professional services, PricewaterhouseCoopers Aarata applies the approaches and best practices of PwC, one of the world's largest accounting firms, in ways tailored to conditions in the Japanese market. In addition, we provide clients with a wide variety of assistance in adopting International Financial Reporting Standards (IFRS) and addressing matters related to internal controls for financial reporting as well as advice on IPOs.

About PwC
At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 157 countries with more than 208,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com.