The Olympus Scandal

Olympus’s release of the new statements was itself an accomplishment. The firm needed to revise five years worth of annual accounts. This required auditors to look as far back as the 1990s, when the investment losses that were at the origin of the accounting scandal were still on the books. The Japanese camera maker also needed to submit its financial statements for the past fiscal quarter. By meeting the deadline of December 14th, Olympus avoided having its shares being automatically delisted from the Tokyo stock exchange

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The Olympus Scandal