Tsuyoshi Kikukawa, Olympus, former chairman resigned because of financial scandals Sina Technology News Beijing time on November 30 morning news, according to foreign media reports, informed sources in the face of multiple barriers, Olympus (microblogging ) may not be able to report earnings in the December 14 deadline on time.
With the deadline approaching, the Olympus the timely release of the audited financial statements,Puma Michael Schumacher Cheap, has become the focus of attention of the outside world. The company is recognized by more than 10 billion dollars in acquisition costs to cover 20 years of investment deficit this month. According to regulations, the company must be on the Tokyo Stock Exchange in December 14 to submit amendments as of September 30 financial statements, past due will be back in a month City.
Olympus Board of Directors appointed a group of independent experts are on the company's financial scandal investigation to determine the actual impact. According to informed sources, only a few weeks time I am afraid that is difficult to completely understand the financial scandals of Olympus, resulting in the company's audit institution is unable to confirm the correction of the authenticity of the earnings on December 14.
Informed sources said that the main obstacle is looking for hundreds of years ago, financial documents,Nike Air Max 360 Shoes, as well as a full assessment of the suspect M & A transactions carried out through multi-only overseas funds.
Informed sources said,Air Max Shoes Sale, the group is investigating whether the bank helped Olympus to cover up the deficit,MBT Sawa, but has not yet found evidence. Which one insider said, It is possible that the bank statements for errors, resulting in the carrying amount of deposits and securities reserves are higher than the actual level.
Another insider said, as Japan's top financial regulators, the Japan Financial Services Agency is expected to be for banks to hold a hearing to investigate the financial scandal.
an informed source said,Pandora Jewelry Earrings, the group is investigating the financial institution has done business with the Olympus. The source also revealed that, in the expert group next month before the publication of the results, it is difficult to determine the complexity of capital flows. The expert group by an accountant, a former Supreme Court judge and several lawyers.
June 2009, the audit institutions by Olympus KPMG Japan Branch (KPMG, AZSA) served multiple suspicious transactions, but in the meantime. That the duty is replaced by the new Ernst & Young Japanese companies (Ernst & Young, ShinNihon).
in accordance with the provisions of the laws of Japan, Olympus need to republish the past five years earnings, but to accomplish this task, but need to review the financial statements in the past few decades. Fiscal 2007 to fiscal 2009 earnings KPMG Japan Branch signing the audit, the next two fiscal year financial report audit by Ernst & Young's new Japanese company.
Olympus spokesman declined to comment, and said the company is waiting for the investigation of the independent Expert Group.
not suspicious accounts, the Olympus audit institutions face the shelling of the shareholders and politicians, so signature in Olympus amendment earnings, these companies will be extraordinarily cautious . But if Olympus final delisting, it will shake the confidence of the Japanese market.
According to an insider,pandora cheap, as long as the audit agency is able to determine which historical data are true, and can be used to calculate the next data, we need to know all suspicious transactions of the past 20 years, Olympus, and capital flows details. (Book Yu)
share:> Related topics: Olympus deep financial scandals topic> Related reports: Olympus intends to reform the model of corporate governance and operational structure Olympus financial scandal, a key figure in exposure: involves more than trading profit taking led to Olympus shares fell more than 10% of individual investors who plan to prosecute Olympus stock loss claims microblogging | SAN official microblogging
With the deadline approaching, the Olympus the timely release of the audited financial statements,Puma Michael Schumacher Cheap, has become the focus of attention of the outside world. The company is recognized by more than 10 billion dollars in acquisition costs to cover 20 years of investment deficit this month. According to regulations, the company must be on the Tokyo Stock Exchange in December 14 to submit amendments as of September 30 financial statements, past due will be back in a month City.
Olympus Board of Directors appointed a group of independent experts are on the company's financial scandal investigation to determine the actual impact. According to informed sources, only a few weeks time I am afraid that is difficult to completely understand the financial scandals of Olympus, resulting in the company's audit institution is unable to confirm the correction of the authenticity of the earnings on December 14.
Informed sources said that the main obstacle is looking for hundreds of years ago, financial documents,Nike Air Max 360 Shoes, as well as a full assessment of the suspect M & A transactions carried out through multi-only overseas funds.
Informed sources said,Air Max Shoes Sale, the group is investigating whether the bank helped Olympus to cover up the deficit,MBT Sawa, but has not yet found evidence. Which one insider said, It is possible that the bank statements for errors, resulting in the carrying amount of deposits and securities reserves are higher than the actual level.
Another insider said, as Japan's top financial regulators, the Japan Financial Services Agency is expected to be for banks to hold a hearing to investigate the financial scandal.
an informed source said,Pandora Jewelry Earrings, the group is investigating the financial institution has done business with the Olympus. The source also revealed that, in the expert group next month before the publication of the results, it is difficult to determine the complexity of capital flows. The expert group by an accountant, a former Supreme Court judge and several lawyers.
June 2009, the audit institutions by Olympus KPMG Japan Branch (KPMG, AZSA) served multiple suspicious transactions, but in the meantime. That the duty is replaced by the new Ernst & Young Japanese companies (Ernst & Young, ShinNihon).
in accordance with the provisions of the laws of Japan, Olympus need to republish the past five years earnings, but to accomplish this task, but need to review the financial statements in the past few decades. Fiscal 2007 to fiscal 2009 earnings KPMG Japan Branch signing the audit, the next two fiscal year financial report audit by Ernst & Young's new Japanese company.
Olympus spokesman declined to comment, and said the company is waiting for the investigation of the independent Expert Group.
not suspicious accounts, the Olympus audit institutions face the shelling of the shareholders and politicians, so signature in Olympus amendment earnings, these companies will be extraordinarily cautious . But if Olympus final delisting, it will shake the confidence of the Japanese market.
According to an insider,pandora cheap, as long as the audit agency is able to determine which historical data are true, and can be used to calculate the next data, we need to know all suspicious transactions of the past 20 years, Olympus, and capital flows details. (Book Yu)
share:> Related topics: Olympus deep financial scandals topic> Related reports: Olympus intends to reform the model of corporate governance and operational structure Olympus financial scandal, a key figure in exposure: involves more than trading profit taking led to Olympus shares fell more than 10% of individual investors who plan to prosecute Olympus stock loss claims microblogging | SAN official microblogging
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