PwC declines to approve Nidec accounts after $4bn charge
PwC refused to sign off the accounts of Japanese auto-parts manufacturer Nidec despite the company recording a $4 billion charge. The auditor issued a disclaimer, and Nidec’s shares fell again on Thursday. The dispute leaves investors without the assurance normally provided by an audit opinion on the financial statements.
Why it matters
An auditor disclaimer after a multibillion-dollar charge intensifies questions over Nidec’s reporting and governance.
Sources
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Part of the October 1, 2026 brief.