PracticeAccounting Firms116 companies abandon PwC’s Japanese firm

116 companies abandon PwC’s Japanese firm

Survey reveals more bad news for disgraced firm

ChuoAoyama PricewaterhouseCoopers, the disgraced and suspended Japanese
auditing firm, has suffered further embarrassment after it was revealed that at
least 116 listed companies have decided to break ties with it.

A further 400 companies had yet to decide what action they would take, a poll
taken by Japanese newspaper Asahi Shimbun revealed.

The decision by the companies to leave the firm follows an order by the
Japanese Financial Services Authority for ChuoAoyama to suspend part of its
operations following its work as auditor at cosmetics company Kanebo.

The order, which took effect Saturday, prevents the company from auditing
listed and other large companies that are legally required to have their books
audited.

It affects some 2,300 ChuoAoyama clients.

Related Articles

Productive accountancy firms lead the way

Accounting Firms Productive accountancy firms lead the way

11h Simon Adcock, HSBC
LLPs in Top 50+50: Will LLPs continue to be the preferred set-up?

Accounting Firms LLPs in Top 50+50: Will LLPs continue to be the preferred set-up?

1d Fergus Payne, Lewis Silkin
BDO’s global revenues pass $8bn

Accounting Firms BDO’s global revenues pass $8bn

1w Alia Shoaib, Reporter
Top 40 International Networks, Associations and Alliances: Finding growth amid uncertainty

Accounting Firms Top 40 International Networks, Associations and Alliances: Finding growth amid uncertainty

1w Philip Smith, Reporter
Top 40 International Networks, Associations and Alliances 2017: Big Four tussle for top spot

Accounting Firms Top 40 International Networks, Associations and Alliances 2017: Big Four tussle for top spot

2w Emma Smith, Managing Editor
BDO reports revenue growth of 5.7%

Accounting Firms BDO reports revenue growth of 5.7%

2w Alia Shoaib, Reporter
Taylorcocks announces merger with Surrey firm

Accounting Firms Taylorcocks announces merger with Surrey firm

2w Emma Smith, Managing Editor
Kingston Smith reports 7% gender pay gap

Accounting Firms Kingston Smith reports 7% gender pay gap

3w Emma Smith, Managing Editor