A "special task force" assigned by Toshiba Corp to look into accounting irregularities found that the company underestimated the costs of three infrastructure projects by ¥50 billion ($419 million). The company also said that "the review was continuing and the ¥50 billion figure could be revised later," allowing for the possibility that this could reach VA hospital levels of ineptitude. [WSJ]
Related Posts
Guy Who Cares Way More About Governmental Accounting Than You Do Is Next GASB Chair
- Jason Bramwell
- January 8, 2020
Joel Black, partner in charge of the audit practice at Atlanta-based Mauldin & Jenkins, will […]
Simplifying Accounting Standards Still Complicated
- Megan Lewczyk
- November 10, 2017
Too bad accounting standard simplification doesn’t follow the same rules as Marie Kondo’s The Life-Changing […]
It’ll Be Nothing Short of a Miracle for Meaningful Lease Accounting Reform to Become Reality
- Caleb Newquist
- May 2, 2013
Since FASB Statement No. 13 was issued in the mid-70s, businesses have managed to develop a […]
