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TOSHIBA ACCOUNTING FRAUD IN 2015
Transcript of TOSHIBA ACCOUNTING FRAUD IN 2015
July 12, 2015
, Toshiba's CEO
Two former CEOs also got particular blame:
Earnings overstatement tied to
151,8 billion yen
Dividend payments were cancelled
The visual products unit
This scandal was ongoing through three terms of CEOs:
2006 - 2012
's profit was overstated by
by decrease the cost of sales and selling
Implementing job rotations periodically
Improving personnels' accounting capacity
Co-operating with auditing corporations
TOSHIBA ACCOUNTING SCANDAL
Jason & Huy
through the merger of
PC vendor measured by revenues
(Economic Times, 2010).
Digital products, electronic devices, home appliances & social infrastructure
established a new business regulation
traded companies in Japan to have at least
on its board
WHAT WENT WRONG?
The cumulative amount of overstated profit was up to
9, 863 million Yen
"If (Japan) fails to implement appropriate corporate governance, it could lose the market's trust."