Top

Toshiba Shares Jump After Reports Its Auditor is Likely to Sign Off on Annual Results

August 9, 2017

Via: Fortune
Category:

Toshiba’s (TOSBF, +3.56%) shares jumped more than 9% early on Wednesday after sources told Reuters the Japanese conglomerate’s auditor was likely to sign off on its annual results .

PricewaterhouseCoopers Aarata will give a “qualified opinion” endorsing Toshiba ‘s finances in the financial statement for the year ended in March, people with direct knowledge of the discussions told Reuters on Tuesday.

That would end a period of limbo when the auditor withheld its opinion as it checked problems that bankrupted Toshiba ‘s U.S. nuclear power engineering unit in December.

Read More on Fortune