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Business

Toshiba switching auditors to file earnings that pass muster

Conglomerate scrambling to reduce delisting risk

| Japan

TOKYO -- Toshiba has decided to drop its current auditing firm in an effort to avoid having to submit a full-year financial statement without the auditor's blessing.

Toshiba has clashed with PricewaterhouseCoopers Aarata over governance at Westinghouse Electric and massive losses stemming from the American nuclear subsidiary that came to light in December. At the auditor's request, Toshiba's auditing committee commissioned a third-party law firm investigation into the issues.

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