Toyota has suffered an $89m (£44.6m) writedown after serious accounting
issues were uncovered at its US credit arm.
Toyota Motor Credit reported errors in its debt and derivatives accounting
spanning the last three years were responsible for the restatement,
In an SEC filing, the US division said there was a material weakness in its
internal controls on processes used to record its debt and interest expenses and
is now installing a new accounting system.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements