Ron Burgundy Posted July 17, 2015 Share Posted July 17, 2015 By Ritsuko Ando and Reiji Murai TOKYO (Reuters) - Toshiba Corp is set to overhaul its management after an investigation into its accounting practices concludes early next week, but a more thorough housecleaning, including a writedown on its Westinghouse nuclear business, may be needed to regain confidence amid Japan's biggest corporate scandal in five years. Toshiba said an independent committee it commissioned to look into accounting irregularities - which a person directly involved in the probe told Reuters were part of Toshiba's "corporate culture" - would submit its report to the company on Monday. The report is likely to show irregular book-keeping led to profits being overstated by more than 170 billion yen ($1.37 billion) over the past several years, people familiar with the investigation said this week, more than three times Toshiba's initial estimate. View the full article Quote Link to comment Share on other sites More sharing options...
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