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
It affects some 2,300 ChuoAoyama clients.
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
Six new partners have been revealed by top ten firm Mazars
Investment in people, tech and businesses impacts on EY's profit per partner figure