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Fuji Xerox NZ vows to resolve accounting scandal, governance issues

( June 13, 2017, 05:03 GMT | Insight) -- Fuji Xerox New Zealand has vowed to resolve "inappropriate accounting" issues uncovered within its Australian and New Zealand operations, which have cost Japanese parent firm Fujifilm's shareholders some NZ$355 million ($255.9 million) over the past six years, the New Zealand Herald reports. Fuji Xerox New Zealand has vowed to resolve "inappropriate accounting" issues uncovered within its Australian and New Zealand operations, which have cost Japanese parent firm Fujifilm's shareholders some NZ$355 million ($255.9 million) over the past six years, the New Zealand Herald reports. Fuji Xerox NZ's impact on shareholder equity was calculated at 18.5 billion yen ($167.6 million) by Fujifilm Holdings' independent investigation committee. The New Zealand outpost said its top priority was to regain stakeholder trust, and that it will work to ensure the group adheres to high corporate governance standards as Fuji Xerox (Japan) renews its management structure and discusses countermeasures for compliance. ...

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