Forced errors – Lessons from an accounting scandal.

In 2015 Toshiba corporation based in Minato, Tokyo, Japan, disclosed to its investors of a major corporate accounting malpractice. The accounting scandal dated back to the 2008 financial collapse. When the market forces became unfavorable, Toshiba resorted to the terrible art of creative accounting practices a.k.a cooking the books. Toshiba created a very interesting mechanism… Continue reading Forced errors – Lessons from an accounting scandal.