9am Lowdown: Toshiba faces new accounting scandal

9am Lowdown
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Good morning and welcome to Thursday 9am Lowdown.

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Toshiba faces new accounting scandal

Toshiba is facing fresh allegations of accounting fraud after the Securities and Exchange Surveillance Commission suspects the tech giant of misreporting profits by 40bn yen.

According to Asahi Shimbun newspaper, Japan’s financial watchdog believes Toshiba padded profits during a three fiscal year period through to 2104.  

In 2015 Toshiba overstated its operating by 151.8bn yen (£783m) over a six-year period – which led to the tech company’s chairman and chief executive, Hisao Tanaka, to step down following the investigation.

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HMRC finds Bristol regional hub home

HMRC has found a new home for its new regional hub in Bristol – as the department consolidates its workforce to save £100m a year once the programme is complete in 2025, reports The Telegraph.

The new 107,000 sf ft office near Bristol Temple Meads is part of HMRC’s plan to free up property not used by civil servants; offices in Belfast, Edinburgh, Cardiff and Liverpool will be announced soon.

Steven Boyd, estates director at HMRC, said: “This is about bringing people together in a smaller number of locations, but it’s also about improving services. The exact savings will depend on the deals we do between now and then.”

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Community: AccountingWEB member seeks website and social media help

It is something that in this current digital age is an essential part of marketing for accountants - having an up-to-date website and social media presence.

AccountingWEB member Peter Saxton realised this, which is why he turned to Any Answers to help renovate his website and overhaul his social media presence. Saxton has a number of marketing requirements to achieve his new website: website software, email, blogging, and a social media scheduling tool – which he believes will enable him to “stay in control”.

To assist Saxton, the AccountingWEB community shared their website redesign experiences. Tom123 agreed with much of what Saxton outlined, saying the “ability to schedule [social media activity] is key”. And Kent Accountant encouraged Saxton to outsource social media and his website because it “will take up a huge amount of time”.

What do you think? When designing a new website and social media plan, what are the must haves that Saxton should consider? 

About Richard Hattersley

Richard is AccountingWEB's practice correspondent. If you have any comments or suggestions for us get in touch.


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06th Jan 2017 21:03


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