The Financial Services Agency issued a business improvement order to KPMG Azsa LLC and Ernst & Young ShinNihon LLC on Friday for their inadequate auditing of Olympus Corp.
The agency concluded the auditors failed to recognize the risks attached to the precision-equipment maker, whose years of loss cover-ups came to light last November, due to poor internal communications.
It also pointed out there was a lack of communication between Azsa and ShinNihon, which was asked to take over the auditing job from Azsa in May 2009, despite the fact that Olympus posted more than 100 billion yen in extraordinary losses in the preceding fiscal year.
China's television regulator has ordered a crackdown on dramas about the country's battles with Japan during and before World War Two and demanded they be more serious, state media said on Friday, following viewer complaints about ludicrous storylines. (Reuters )
Shukan Post (May 24) conveys the difficulties experienced by other parts of the adult-entertainment biz in servicing customers from the communist nation.
A deri heru (“delivery health”) call-girl tells the tabloid that she is often requested to arrive at major hotels in the Shinjuku and Ikebukuro entertainment areas of Tokyo by Chinese visitors. (Tokyo Reporter)