A Japanese court has given suspended prison sentences to three former ChuoAoyama PricewaterhouseCoopers accountants over an accounting fraud at textile and cosmetics maker Kanebo Ltd.
The scandal led Japan's Financial Services Agency to bar ChuoAoyama, a Japanese partnership with PwC, from performing audits between July 1 and Aug. 31. PwC has said it has been working with ChuoAoyama to implement an improvement plan, but that didn't stop the Big Four firm from launching a new, independent Japanese audit firm in July -- PricewaterhouseCoopers Aarata.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access