The Japan Financial Services Agency has imposed disciplinary action on two certified public accountants under the Certified Public Accountants Act, suspending Takio Fujii for four months and Akio Ochiai for one month. The agency linked the sanctions to prior action against their tax accountant businesses and concluded that the conduct fell within the Act's prohibition on acts that damage professional credit. Fujii, based in Minato-ku, Tokyo, is barred from practice from May 27, 2026 to September 26, 2026. Ochiai, based in Ikeda City, Osaka Prefecture, is suspended from July 1, 2026 to July 31, 2026. The release states that the Minister of Finance had suspended their tax accountant businesses under the Certified Public Tax Accountant Act, including a two-year suspension for Fujii, and treated that fact as a violation of Article 26 of the Certified Public Accountants Act.
Japan Financial Services Agency2026-05-22
Japan Financial Services Agency suspends two certified public accountants for up to four months over conduct damaging professional credit
The Japan Financial Services Agency has suspended certified public accountants Takio Fujii and Akio Ochiai for four months and one month respectively under the Certified Public Accountants Act, citing acts that damage professional credit. The agency based its action on prior suspensions of their tax accountant businesses by the Minister of Finance under the Certified Public Tax Accountant Act, treating those sanctions as a violation of Article 26 of the Certified Public Accountants Act.