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PCAOB Disciplines Grant Thornton Auditor in Japan

Tammy Whitehouse | December 18, 2014

The Public Company Accounting Oversight Board has disciplined a Grant Thornton auditor in Japan for failing to address numerous red flags that revenue could be overstated in the 2010 audit of Baldwin-Japan Ltd.

The PCAOB settled an order with Akiyo Yoshida, a partner at Grant Thornton Taiyo and the partner in charge of the BJL audit, that prohibits Yoshida from being associated with a firm registered with the PCAOB and limiting Yoshida’s activities on any public company audit engagement for an additional year. The order, in which Yoshida neither admits nor denies the PCAOB charges, also requires the auditor to complete professional education coursed related to public company audits.

BJL is a Japanese subsidiary of Baldwin Technology Co., which at the time was a U.S. public company. Baldwin restated...

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