Can you write a comment on this audit report; I mean positive or negative comment: ---Toshiba Corporation is a multinational company headquartered in Japan. The company is organized into four groups; their products and services vary across multiple industries. In 2015 there was an accounting scandal detected that the companys profits had been inflated by $1.2 billion over the course of seven years. The 2015 annual report can be found in the link below:

https://www.toshiba.co.jp/about/ir/en/finance/ar/ar2015/tar2015e_fr.pdf

The independent auditors report begins with the report title and the audit report address followed by the introductory paragraph. The difference in this report compared to a company headquartered in the U.S. is the final statement of the introductory, summary of significant accounting policies and other explanatory information, all expressed in Japanese yen. Toshiba is headquartered in Japan therefor it is required to be translated to U.S. dollars as well to meet NYSE trading requirements. The report then continues as usual with managements responsibility for the financial statements, auditors responsibility and the auditors opinion. In the auditors opinion paragraph the it states .the consolidated financial statements referred to above present fairly, in all material respectsfor the year ended in conformity with accounting principles generally accepted in U.S. stating a positive opinion. The next paragraph, emphasis of matter, relates to the auditors belief that additional information is important or required in relation to the referenced financial statements. In this case the auditor believed there was a lack of information regarding Note 30. This audit is an unqualified audit report with explanatory paragraph. The audit report also includes a convenience translation paragraph affirming the translation to U.S. dollars on the basis described in Note 3. I found it particularly interesting that a foreign audit complied with such a similar or mirrored structure to that of a U.S. audit. This is obviously due to the increasing globalization of capital markets and worldwide acceptance of IFRS used as the basis of accounting.