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) and One.Tel (July, 2001) in Australia; the bankruptcy of Enron (October, 2001), and WorldCom (June, 2002) in the US. In …
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We study events surrounding ChuoAoyama’s failed audit of Kanebo, a large Japanese cosmetics company whose management engaged in a massive accounting fraud. ChuoAoyama was PwC’s Japanese affiliate and one of Japan’s “Big Four” audit firms. In May 2006, the Japanese Financial Services...
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