Toshiba To Replace Auditor PwC Over Differences: Nikkei

One America News Network | 3/29/2017 | Staff
xhelloworld (Posted by) Level 4
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TOKYO (Reuters) – Toshiba Corp has decided to replace its auditor after less than a year as the troubled electronics conglomerate struggles to win its approval on full-year financial statement, the Nikkei business daily reported.

Earlier this month, the company filed twice-delayed business results without an endorsement from auditor PricewaterhouseCoopers (PwC) Aarata, putting its listing on the Tokyo Stock Exchange in jeopardy.

News - Conference - Results - April - Chief

At a news conference announcing the third-quarter results on April 11, Chief Executive Satoshi Tsunakawa said there were irreconcilable differences with the auditor over the validity of past reports.

Asked about the possibility of changing auditor, audit committee Chairman Ryoji Sato told the same news conference he would like to consider “various options”.

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