Tagged With "ShinNihon"

PwC Aarata took a big gamble last year when it took over the audit of Toshiba’s scandal-marred accounts. Its predecessor Ernst & Young ShinNihon had incurred heavy reputational damage after regulators in 2015 accused the accounting firm of failing to detect that the Japanese industrial conglomerate had inflated its profits by $1.3bn over seven years. It was a risky wager but one that also posed an opportunity for PwC, which has the smallest share of the Japanese auditing market among the...

Penalized Japanese auditor struggles to regain ground EY ShinNihon fulfills obligations to regulator in wake of Toshiba scandal TAKEHIKO HAMA, Nikkei staff writer Toshiba CEO Satoshi Tsunakawa bows during a news conference in 2017. © Reuters TOKYO -- Ernst & Young ShinNihon, the auditing firm hit by administrative penalties over Toshiba 's financial window-dressing, has completed its statutory obligations imposed by the Japanese regulator. For over a year, the Tokyo-based accounting firm...