August 10, 2017 / 4:23 AM / 10 months ago

Toshiba's auditor gives "adverse opinion" on governance - filing

TOKYO (Reuters) - Toshiba Corp’s auditor gave an “adverse opinion” on the company’s internal controls in an annual report filed on Thursday, showing the Japanese industrial conglomerate has a way to go before regaining the market’s trust following a 2015 accounting scandal.

FILE PHOTO: A logo of Toshiba Corp is seen outside an electronics retail store in Tokyo, Japan, January 19, 2017. REUTERS/Toru Hanai/File Photo

PriceWaterhouseCoopers Aarata LLC (PwC) earlier gave a separate, “qualified opinion” on Toshiba’s financial results, effectively signing off on its books, likely helping the company avoid an immediate delisting.

Reporting by Makiko Yamazaki and Ritsuko Ando; Editing by Christopher Cushing

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