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Business

Changing auditors may not solve Toshiba's problem

Clock ticks as risk of delisting looms

| Japan

TOKYO -- Toshiba's plan to switch to an auditor more likely to sign off on the company's full-year earnings may just raise new doubts about their reliability, but the company has limited options, with the reporting deadline fast approaching.

The decision to appoint a new auditor stems from a dispute with current auditor PricewaterhouseCoopers Aarata over a probe into U.S. nuclear unit Westinghouse Electric. The independent law firms hired to look into the matter combed some 600,000 emails and interviewed dozens of related parties, but they found nothing that would necessitate revising earnings for past fiscal years. Prior auditor Ernst & Young ShinNihon, which was replaced by PwC Aarata last year, apparently did not see any problem.

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