TOKYO -- An all-time high of 64 listed Japanese corporations have reported cases of accounting irregularities so far this year -- a trend pointing to the need for tougher oversight at rapidly expanding multinationals.
The total, based on disclosures released through Saturday, represents a 170% increase over the past decade. Cases include irregular accounting that may impact financial statements, as well as bookkeeping scandals by executives and lower-level employees. Data provider Tokyo Shoko Research conducted the study.
