Olympus faces delisting risk

Started Nov 30, 2011 | Discussions thread
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MichaelKJ
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Olympus faces delisting risk
Nov 30, 2011

http://online.wsj.com/article/SB10001424052970203441704577067963916918308.html

As a mid-December deadline nears for Olympus Corp. to put its books in order, a key question is whether the company's auditors will sign off on its accounts.

An independent panel appointed by Olympus's board is investigating the coverup and trying to determine what the real results were.

Yet a complete deciphering of Olympus's complex coverup is likely to take much longer than a few weeks, making it tough for Olympus's auditors to certify that any revised results prepared by Dec. 14 are correct,

Stock is down today on delisting concerns.

One has to wonder why an auditor would be willing to risk signing off on Oly's books unless it was confident that everything related to the scandal had been uncovered.

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