Japan's FSA: Improve audits


The business improvement order was issued to KPMG Azsa & Co., Ernst & Young ShinNihon, ChuoAoyama PricewaterhouseCoopers and Deloitte Touche Tohmatsu Japan, which together audit 80% of the large companies in Japan.

The order follows a major accounting scandal in Japan, in which ChuoAoyma PricewaterhouseCoopers was discovered to have been involved in a bookkeeping fraud with textile and cosmetics manufacturer Kenebo. The accounting firm was suspended from auditing corporate accounts for two

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