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Toshiba - Not true auditor told co it can't form opinion on annual report
July 13, 2017 / 1:31 AM / 4 months ago

Toshiba - Not true auditor told co it can't form opinion on annual report

TOKYO (Reuters) - Toshiba Corp (6502.T) on Thursday denied a media report that the company was told by its auditor that it would not provide an opinion, or an endorsement, for its annual report.

FILE PHOTO: The logo of Toshiba Corp is seen as window cleaners work on the company's headquarters in Tokyo, Japan, February 14, 2017. REUTERS/Toru Hanai/File Photo

Toshiba has been unable to file an audited financial report for the year ended March. It has been at odds with auditor PricewaterhouseCoopers Aarata (PwC) since a surprise writedown at its now-bankrupt Westinghouse nuclear unit.

Toshiba’s shares fell as much as 5.8 percent after the Asahi newspaper report. They were down 3.9 percent in mid-morning trade.

The company said in a statement it would continue working with its auditor to meet an Aug. 10 filing deadline.

Reporting by Tokyo Newsroom; Editing by Chang-Ran Kim

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