Question

Research the Toshiba accounting scandal article in the University Library or from another credible source.

Summarize the article in 500 to 800 words.

Describe any measures you believe could have been used to avoid the problems presented in

the article.

Answer 1

Ans ) Article onToshiba accounting scandal

The Toshiba accounting Fred scandal occurred because corporate governance field CEO and executive members at aggressive and logical target that these difficult target were being met and strong top down culture which discourage staff from questioning the authority of senior management it makes staff are grogramed to do they were told

On July 21st 2015 Toshiba Hisao Tanaka daso announced haa resignation in the face of an accounting scannedel emerge the the day performance when an interdependent iinvestigative panel released or reported describing the accounting in properties in detail

The investigation panel appointed to to where corporate governance and a the priorty functioning system of internal control of every level of the Toshiba. Internal control at every level of Toshiba internal control in the finance division the corporate auditing division the risk management division in the security commity did not function properly in identifying and stop the appropriate behaviour.

5 things to know about Toshiba accounting scandal

1 profit work overstated

Toshiba accounting mainly occur from employees understanding cost on long-term project there was improper value of inventory also

2 to former ceo get particular blame

The report put pressure on subordinate by so to meet the the latest target after 2008 global recession

3 wholesale house clearing under way

Toshiba said Tuesday that ate office member of current board of directors are resigning from the 16 director will come from outside the company e appropriate thus in likely to rise.

4 corporate governance in getting more certain in Japan

Prime minister shinzo abe has made changes in corporate governance ki theme is his attempt to to revive the Japanese company in in in entire way last month a new rule went into effect that.

5 it is not over yet

Toshiba has get to release into a earning for 2014 financial year which Japan company will also have a shareholder maintaining in September to approve a new board

Measures avoided by Toshiba scandal

1 stretch goal should be possible

2 don't ask people to lie I for top excess

3 top excess have to be separate from company

4 put the business first

5 even when painful truth is better than fiction