Toshiba plans to replace PwC

|About: Toshiba Corp. ADR (TOSYY)|By:, SA News Editor

Toshiba (OTCPK:TOSYY) wants to replace auditor PricewaterhouseCoopers to resolve an impasse over full-year earnings and remain listed, Reuters reports.

The two have been at odds since a surprise writedown $6.3B writedown at its Westinghouse unit, but the conglomerate needs shareholder approval to sack its auditor.

PwC replaced Ernst & Young in June last year following Toshiba's $1.3B accounting scandal.