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Editors

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Harry Cassin
Publisher and Editor

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Andy Spalding
Senior Editor

Jessica Tillipman FCPA Blog

Jessica Tillipman
Senior Editor

WILLIAM B.F. STEINMAN

Bill Steinman
Senior Editor

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Richard L. Cassin
Editor at Large

Elizabeth K. Spahn

Elizabeth K. Spahn
Editor Emeritus

Cody Worthington

Cody Worthington
Contributing Editor

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Julie DiMauro
Contributing Editor

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Thomas Fox
Contributing Editor

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Marc Alain Bohn
Contributing Editor

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Bill Waite
Contributing Editor

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Russell A. Stamets
Contributing Editor

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Richard Bistrong
Contributing Editor

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Eric Carlson
Contributing Editor

Posts Tagged: Japan

SEC punishes Deloitte Japan for violating auditor independence rules

Richard L. Cassin February 14, 2019

The Securities and Exchange Commission fined Deloitte Touche Tohmatsu LLC $2 million for violating auditor independence rules and suspended its former CEO and director of independence for causing the violations.

The SEC said Wednesday that Deloitte Japan issued audit reports for a banking client while about 90 Deloitte Japan employees maintained accounts with the bank.… Continue Reading

The ethics of the A-bomb

Richard L. Cassin August 6, 2018

Seventy-three years ago today, the United States dropped an atomic bomb on the Japanese city of Hiroshima.

The blast destroyed 90 percent of Hiroshima and killed at least 80,000 people. Around 60,000 more died from radiation sickness before the end of the year.… Continue Reading

Caterina Bulgarella: How lofty values led to Kobe Aluminum’s failures

Caterina Bulgarella April 2, 2018

On October 8, 2017, Kobe Steel Group admitted to falsifying data about the strength and durability of aluminum and copper parts used by manufacturers of automobiles, bullet trains, and aircraft.

Initially presented as a breach occurring at four of its Japanese factories during 2017, the admission of wrongdoing would soon turn into a much more severe affair. … Continue Reading

Olympics update: Beijing in, Boston out (Part One)

Andy Spalding August 3, 2015

We learned Friday that Beijing will host the 2022 Winter Olympics, and that Boston withdrew from the 2024 race. From a corruption standpoint, there’s a lot going on here.

China’s selection completes a fascinating ten-year stretch:  2014 (Russia), 2016 (Brazil), 2018 (South Korea), 2020 (Japan), 2022 (China).… Continue Reading

Japan to Vietnam: Give back our bribe money

Richard L. Cassin April 9, 2015

Japan suspended aid for a $41 million railway project in Hanoi until Vietnam returns $782,000 in bribe money a Japanese contractor gave officials at Vietnam’s state railway company.

Yamamoto Kenichi from the Japan International Cooperation Agency (JICA) said last week in Hanoi that Japan will restart funding for the project after Vietnam returns the money that Tokyo-based Transportation Consultants (JTC) Inc.… Continue Reading

China-backed international development bank confronts graft worries

Richard L. Cassin and Hui Zhi April 2, 2015

Chinese President Xi Jinping (C, front) meets with representatives of 21 Asian countries at the founding of the Asian Infrastructure Investment Bank (AIIB) in Beijing on Oct. 24, 2014. (Image courtesy of Xinhua/Huang Jingwen)News leaked a couple of years ago that China was promoting establishment of the Asian Infrastructure Investment Bank.… Continue Reading