The firm audited the accounts of Nikko Cordial, which has been hit with a
record fine for accounting fraud and faces potential de-listing by the Tokyo
Stock Exchange as a result.
The FT reported that the firm would end its operation over possible
penalties stemming from its work for Nikko Cordial.
Misuzu was previously known as Chuo Aoyama, which was ordered to halt its
operations for two months last year after four auditors were arrested for their
involvement in alleged fraud at Kanebo, a cosmetics maker.
Chuo Aoyama was replaced by Aarata, the new PwC affiliate firm.
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