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Toshiba shares jump on report that auditor to sign off on results

Reuters  |  TOKYO 

By Thomas WilsonTOKYO (Reuters) - Toshiba Corp's auditor will sign off on its annual financial results after months of being at odds with the embattled conglomerate - in a step that would lessen the risk of a delisting, the Nikkan Kogyo Shimbun newspaper reported on Monday.The report sent shares in Toshiba jumping 7 percent in morning trade.PricewaterhouseCoopers Aarata (PwC) has not endorsed Toshiba's books since being appointed as its auditor in April 2016. A major sticking point has been a query from PwC over whether Toshiba should have recognised multi-billion dollar losses at U.S. ...

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First Published: Mon, August 07 2017. 08:50 IST