This case talks about the Accounting fraud in the large Japanese MNC, Toshiba Corporation. Its CEO resigned over the disclosure of a JP¥151.8 billion accounting scandal that shocked the world. Toshiba, a Japanese multinational conglomerate with net sales of JP¥6.5 trillion and total assets of ¥6.2 trillion, had been extensively criticized in the news for the multi-billion-dollar accounting fraud. After the accounting probe was announced the business's stock prices dropped by 38 per cent, and the company got the dividend that had been declared previously.
These setbacks challenged company investors, who'd consistently regarded Toshiba as a reputable firm. The investors were wondering exactly the same thing as everyone else seeing the scandal unfold: How could a business with a 140-year history do this, and why? What were the outcomes? What should Toshiba do in response to this crisis? Anupam Mehta is affiliated with Institute of Management Technology, Dubai.
PUBLICATION DATE: June 27, 2016 PRODUCT #: W16380-PDF-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING
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