Accounting scandals – Company Toshiba year 2009 to 2013.
Japanese company Toshiba has fired its chairman, Hisao Tanaka, because of a major accounting manipulation scandal that inflated the company’s profits by $ 1.22 billion over a seven-year period. The accounting manipulations that occurred in the company with the participation of the main directors. The first irregularities were detected by the Japanese authorities in February. The manipulation carried out by Toshiba consisted of recording costs for the company’s infrastructure segment in the following year, as well as overestimating profits in that company’s sector of televisions, semiconductors and portable computers. The Japanese company last month announced a review to lower its operating profit between 2009 and 2013 by more than 50 billion yen ($ 403 million) due to irregularities detected in accounting for infrastructure projects. With references – 2 pages