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Toshiba may gain auditor sign-off, reducing delisting risk - media

Reuters  |  TOKYO 

By Thomas WilsonTOKYO (Reuters) - Toshiba Corp may gain a partial endorsement from its auditor for its annual financial results after disagreements over accounting for the much of the year, Japanese media reported - a step that would lessen, but not remove, the risk of a delisting.For Toshiba, which was demoted to the second section of the Tokyo bourse this month, a loss of its status as a listed company would further complicate its ability to raise money, particularly for the investment-intensive chip business that it is trying to sell.Since taking over as Toshiba's auditor in June last ...

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First Published: Mon, August 07 2017. 12:56 IST
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