EY's Japanese arm launches internal probe of Toshiba audit

Tokyo

THE Japanese affiliate of Ernst & Young LLC (EY) has launched an in-house investigation into its audit of Toshiba Corp in the wake of the electronics maker's US$1.2 billion accounting scandal, a person with knowledge of the matter said.

Ernst & Young ShinNihon LLC has established a team of about 20 executives to investigate whether there were any problems with how it conducted its audits of Toshiba, the person said.

The person spoke on condition of anonym…