The top article in today’s Nikkei says that the Financial Services Agency may revise accounting-audit standards as early as next year, requiring companies to retain written documentation of business procedures at all offices, including consolidated subsidiaries. For example, it would require documentation of “all” decision-making processes “and the like” for transactions with other companies.
That is difficult, isn’t it?
The moment one says “all” about “and the like,” implementation becomes impossible. Let us first look at the report, which is apparently due in June.
However, if this happens, the series of actions in Horiemon’s Fuji dispute would become impossible, since records of negotiated transactions would remain. You say that would never happen? Of course not. They would not leave records. Which means that honest people are the fools.
★Too bad★:hammer: