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Events
Intl. audit regulators establish base in Tokyo www3.nkh.or.jp
The first global financial watchdog based in Tokyo has opened. Japanese officials hope to boost the country's profile as Asia's financial center by hosting the organization.
The International Forum of Independent Audit Regulators opened a Permanent Secretariat in central Tokyo. Hundreds of people gathered there on Monday to celebrate the occasion.
The group's membership spans 52 countries and territories, including Japan and the US.
Japanese officials convinced other members to allow it to host a permanent headquarters. Until now, members have taken turns hosting the bureau.
Japanese authorities have been trying to improve the quality of auditing since Toshiba's auditing firm failed to detect accounting irregularities at the struggling electronics maker for years.
In March, officials at the Financial Services Agency compiled guidelines for auditing firms to follow.
Published Date:2017-04-04
