Ex-PwC Japan accountants guilty of lying
Suspended jail terms handed down
Suspended jail terms handed down
A Tokyo court has found three former accountants who worked with suspended
Japanese firm ChuoAoyama guilty of lying in a conspiracy with executives at its
former audit client, cosmetics maker Kanebo.
Kuniaki Sato, 64, was sentenced 18 months in prison while Kazutoshi Kanda,
56, and Seiichiro Tokumi, 59, received one year in jail – all of these were
suspended for three years.
ChuoAoyama, the former PwC representative firm in Japan has had its auditing
license suspended for July and August as punishment for its involvement in the
accounting scandal at Kanebo.
Presiding judge Harumitsu Mori said: ‘The crime significantly eroded the
public trust in the auditing system and accountants. It is shameful that they
have failed to realize the high professional morality as certified accountants
and lost the true aim of auditing, which is to protect the profits of
investors.’
PwC has set up a new firm in Japan after the suspension of ChuoAoyama.
The numbers you crunch tell a story. Your expertis...
18yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleThree years after accountancy group DJH Mitten Clarke launched, they have announced that they have rebranded to DJH. The DJH Mitten Clarke name reflec...
View articleStatic budgets outdated. Embrace agile budgeting for a smooth year-end close and adapt to changing markets. Read More...
View articleSaffery Champness's strategic rebrand to "Saffery" reflects a bold step towards aligning its historic values with a modern, innovative ethos, fosterin...
View articleSumer’s CEO Warren Mead believes accountants have a responsibility to champion smaller and medium-sized businesses and that successful entrepreneurs a...
View articleMid-market firms experience largest percentage increase in fee income in 2023, as consultancy services start to become leading income streams for the ...
View articleBaker Tilly International has today announced record global revenues of US$5.2bn for the financial year ended 31 December 2023, up 11% on the previous...
View articleWhilst Small and Medium Enterprises (SMEs) account for around half of the turnover in the UK private sector[1], our own AAT research shows that over a...
View articleGrant Thornton UK as confirmed the appointment of Malcolm Gomersall as its new Chief Executive Officer. Gomersall, who has been with the firm for over...
View article