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Business trends

Too close? Japanese companies reluctant to change auditors

Nearly 70% have remained bound to one auditing firm for over 10 years

Cozy ties between companies and their auditors can lead to corporate malfeasance, a problem the EU tackled in 2016 but one which Japan has failed to formally address.   © Reuters

TOKYO -- Nearly 70% of listed companies in Japan have not changed auditing firms for more than a decade, according to recently disclosed company data.

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