Toshiba: Accounting Fraud

1. What could Toshiba have done differently after the accounting scandal was

uncovered?

2. Can corporate scandals such as the one that arose in Toshiba be linked to the lifetime

employment system that is typical in Japanese organizations?

3. How can the companies create a fraud-resistant corporate ecology or culture?

4. How important is it that firms create a transparency forum? How does the Toshiba

case support this view?

5. In what ways are Japan and the U.S. different culturally? What elements of Japans

culture contributed to Toshibas downfall?

6. Why did Toshibas internal audit function fail?

7. Internal vs. external auditors: How can auditors effectively detect company fraud?