Toshiba Shares Jump; Sources Say Auditor Seen Signing Off On Results

www.oann.com | 1/19/2017 | Staff
abbycraig (Posted by) Level 3
TOKYO (Reuters) – Toshiba Corp’s shares jumped more than 9 percent early on Wednesday after sources told Reuters the Japanese conglomerate’s auditor was likely to sign off on its annual results.

PricewaterhouseCoopers Aarata LLC will give a “qualified opinion” endorsing Toshiba’s finances in the financial statement for the year ended in March, people with direct knowledge of the discussions told Reuters on Tuesday.

Period - Limbo - Auditor - Opinion - Problems

That would end a period of limbo when the auditor withheld its opinion as it checked problems that bankrupted Toshiba’s U.S. nuclear power engineering unit in December.

However, PwC will...
(Excerpt) Read more at: www.oann.com
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