Toshiba finds more accountacy holes

Stefan Mileschin · 18th March 2016, 09:52

Troubled Toshiba is still having problems with its cooked books.

The outfit revealed additional accounting irregularities after a multi-billion dollar accounting scandal last year, rekindling doubts over the company’s pledge to improve transparency.

The laptops-to-nuclear conglomerate said it had overstated past profits by $51.30 million on a pretax basis due to seven new accounting errors.

Toshiba said the company had treated the additional errors as losses in financial reports for two quarters through December, but had not publicly announced them because the amount was below the threshold requiring regulatory disclosure.

The company “lacked awareness for appropriate disclosure”, a Toshiba spokeswoman said.

http://www.techeye.net/business/tosh...countacy-holes

18th March 2016, 09:52	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 153,541	Toshiba finds more accountacy holes Troubled Toshiba is still having problems with its cooked books. The outfit revealed additional accounting irregularities after a multi-billion dollar accounting scandal last year, rekindling doubts over the company’s pledge to improve transparency. The laptops-to-nuclear conglomerate said it had overstated past profits by $51.30 million on a pretax basis due to seven new accounting errors. Toshiba said the company had treated the additional errors as losses in financial reports for two quarters through December, but had not publicly announced them because the amount was below the threshold requiring regulatory disclosure. The company “lacked awareness for appropriate disclosure”, a Toshiba spokeswoman said. http://www.techeye.net/business/tosh...countacy-holes

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