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Olympus panel clears auditing firms of blame in scandal

By: Yossel in NUTS & BOLTS | Recommend this post (0)
Tue, 17 Jan 12 5:59 AM | 97 view(s)
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Olympus panel clears auditing firms of blame in scandal

People walk past a signboard of Olympus Corp outside its showroom in Tokyo January 12, 2012.

TOKYO (Reuters) - Accounting groups KPMG and Ernst & Young have been cleared of responsibility for a $1.7 billion accounting fraud at Japan's Olympus Corp, one of the nation's worst corporate scandals, in a report issued on Tuesday by a company-appointed panel of lawyers.

Credit: Reuters/Toru Hanai

Yoko Kubota and Nobuhiro Kubo

TOKYO
Mon Jan 16, 2012 8:09pm EST

link-
http://www.reuters.com/article/2012/01/17/us-olympus-auditors-idUSTRE80G00620120117

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