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Outsourcing Inc. (2427 JP)

Year: 2021

Last Updated: 24 Jun, 2024

Japanese outsouring company Outsourcing Inc found various accounting irregularities in several subsidiaries. These came to light after a whistleblower complaint to its auditor, Deloitte. Following an internal investigation, Outsourcing found revenue had been overstated by JPY951m over a period of five-and-a-half years, while operating profits had been inflated by JPY277m. The irregularities included fictitious revenue, pulling forward revenue and cost deferral. This is a confirmed fraud.

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