December 8, 2021

Toshiba Restating, Concedes That Restatement Could Be Restated

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]

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