Audit and Taxation for Startups

Introduction in Lieu of a Chair’s Preface

Abstract

　Session 3“ Audit and Taxation for Startups” shared a common perspective：examining the potential contributions and challenges for promoting Japanese startups. This was approached from the viewpoints of the ideal way of IPO audits for market fundraising, the prerequisite establishment of governance and internal controls, and the role of tax systems in facilitating broader growth capital raising. The purpose of this paper is to serve as an introduction preceding the reports by the three subsequent reporters. It will organize and review the foundational concepts—the definition of a startup, its impact on economic growth, the necessity of public support, and efforts to build an ecosystem—that form the shared（preliminary）understanding. It will then introduce the key points of each report, thereby substituting for the chair’s preface and bridging the discussion to the articles by each reporter.