[New post] Toshiba scandal continues as more accounting errors found

sskarthik posted: "By Ritsuko Ando TOKYO (Reuters) - Toshiba Corp again delayed announcing its annual financial results on Monday, as new accounting errors prevented the company from drawing a line under Japan's worst corporate scandal in four years. Toshiba, which was" Respond to this post by replying above this line New post on SKarthik.info Toshiba scandal continues as more accounting errors found by sskarthik By Ritsuko Ando TOKYO (Reuters) - Toshiba Corp again delayed announcing its annual financial results on Monday, as new accounting errors prevented the company from drawing a line under Japan's worst corporate scandal in four years. Toshiba, which was scheduled to post its earnings for the business year ended in March, said the newly discovered problems included incorrect impairment charges on fixed assets at several subsidiaries and improperly timed booking of loss provisions at a U.S. subsidiary. "We deeply apologize for the situation we are in yet again, and for the inconvenience and concern we have caused to our stakeholders including shareholders and investors," Chief Executive Masashi Muromachi said before making a deep bow of contrition to a packed, late-night news... Read more... sskarthik | August 31, 2015 at 10:55 pm | Categories: Computers and Internet | URL: http://wp.me/p1eKZE-3hQd Comment    See all comments Unsubscribe to no longer receive posts from SKarthik.info. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://sskarthik.wordpress.com/2015/08/31/toshiba-scandal-continues-as-more-accounting-errors-found-2/ Thanks for flying with WordPress.com