Japanese Accounting Gets Ray of Sunlight: Jonathan Weil
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March 2 (Bloomberg) -- The auditing profession’s top U.S.overseer usually does a flawless job of safeguarding the mostembarrassing secrets of accounting firms and their corporateclients. Fortunately, every now and then, the watchdog slips up.
Take the case of Kyoto Audit Corp., a Japanese affiliate ofthe Big Four auditor PricewaterhouseCoopers. On Feb. 14, theU.S. Public Company Accounting Oversight Board released itsfirst-ever inspection report on the Kyoto-based firm.