Corporate accounting standards are changing, with the Financial Accounting Standards Board adopting new standards in ways companies report on leases, hedging and other financial activity. While any change is often disruptive, the FASB and analysts noted that the adjustments ultimately aim to make accounting and...
The fallout from an accounting scandal at Nissan Motor is expected to impact down the company’s supply chain, according to S&P Global reports. Nissan operates with 2,703 suppliers, according to researchers at Japan-based Teikoku Databank (TDB). The firm’s supply chain is likely to see ramifications...
Regional lender in Japan, Suruga Bank, apologized this week and admitted that staff may have knowingly processed loan documents that were falsified for a struggling property investment scheme, adding to the list of corporate scandals plaguing the country, reports in Bloomberg said. The publication reported Wednesday...
Japanese corporations have been hit with a slew of scandals as of late, from accounting schemes to coverups and falsified data. Some experts believe these troubles are ready to culminate in Japanese corporate reform. Reports in Bloomberg View on Friday (Oct. 13) pointed to several...
