Tagged With "Aarata"

Apr 25, 2017 Toshiba Corp (tosbf, +0.81%) 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) (pricewaterhousecoopers) Aarata, putting its listing on the Tokyo Stock Exchange in jeopardy. At a news conference...

Toshiba Corp. is considering releasing unaudited full-year earnings results on the May 22 deadline despite having no clear prospects of approval from its auditor, according to sources close to the matter. PricewaterhouseCoopers Aarata LLC continues to disagree with Toshiba over losses related to its U.S. nuclear unit after the auditing firm issued a disclaimer for the company’s earnings result for the April-December period last month. May 22 is the de facto deadline for the embattled...

TOKYO (Jiji Press) — Toshiba Corp. appears likely to face difficulties meeting the legal deadline at the end of this month for submitting a securities report for fiscal 2016, which ended in March, to the Kanto Local Finance Bureau. The struggling electronics and machinery maker is still unable to finalize its fiscal 2016 business results, due to a disagreement with its auditor, PricewaterhouseCoopers Aarata LLC, or PwC Aarata, over huge losses at Toshiba’s U.S. nuclear business unit...

TOKYO -- When Toshiba holds its annual shareholders' meeting on June 28, the company's fiscal 2016 financial results will not be ready because its auditor, PricewaterhouseCoopers Aarata, has not approved them. This ongoing mess at the troubled Japanese electronics company shows how concentrated the global audit industry has become and the danger it poses to global capital markets. Until fiscal 2015, Toshiba had its books audited by Ernst & Young ShinNihon. Toshiba switched to auditors in...