Pressure on PwC over audit

UK-Japan News September 2017

PricewaterhouseCoopers Aarata LLC and Toshiba Corporation had a serious back-and-forth ahead of the release of the latter firm’s 2016 financial report, The Mainichi reported on 11 August.

PwC Aarata was under pressure to finely scrutinise Toshiba’s finances after high-profile troubles were experienced by the Japanese conglomerate’s US nuclear business. Meanwhile, Toshiba wanted to avoid an outcome that would lead to its shares being delisted.

In the end, PwC Aarata stated there were problems with Toshiba’s figures, but they did not seriously affect the business as a whole.