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Toshiba wins auditor sign-off, likely avoiding delisting for now

Reuters  |  TOKYO 

TOKYO (Reuters) - Toshiba Corp has likely avoided immediate delisting after its auditor signed off on its financial results albeit with criticism of its governance, yet its future remains uncertain with no progress in talks to sell its chips unit for much-needed cash.PriceWaterhouseCoopers Aarata LLC (PwC) gave a "qualified opinion" on Toshiba's results for the year ended March as well as for April-June, according to a filing. That means the auditor broadly vouched for Toshiba's book-keeping.However, PwC also issued a rare "adverse opinion" on the firm's internal controls, saying losses at ...

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First Published: Thu, August 10 2017. 10:52 IST
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