Toyota to stick with PwC globally

Japanese carmaker Toyota looks set to stick with PricewaterhouseCoopers as
its international accounting firm, while it has yet to make a decision about
current national auditor ChuoAoyama PwC.

The company said it did not intend to submit any resolutions regarding its
auditor at its 23 June general shareholders meeting.

It is set to hire a temporary substitute accounting firm until next year’s
shareholders meeting to avoid being left without an auditor after July, when its
contract with ChuoAoyama ends and the accounting company begins serving its
disciplinary action.

Toyota has about 520 consolidated subsidiaries abroad, many of whom have
service contracts with PwC.

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