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Non-Tech : Derivatives: Darth Vader's Revenge
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To: Henry Volquardsen who wrote (300)10/2/1998 5:27:00 PM
From: Enigma  Read Replies (1) of 2794
 
Henry - yes I believe I read that - it would be interesting to know what efforts were made by international auditors to put pressure on the Japanese to change their accounting standards - only now are we hearing how lax they are and how there is in effect a general conspiracy there involving the Govt', accounting firms and business.
American and European multi nationals operating in Japan through subsidaries must have had a local auditors report published in Japan - but I"d be pretty sure there was never any qualification of the consolidated financial statements with respect to the differences between the jurisdictions. E
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