The pressure for an accelerated accounting close can be relentless, as evidenced by the $1.3 billion Toshiba accounting scandal this spring. The electronic manufacturing giant admitted it had overstated profits by $1.3 billion going back to fiscal 2008/2009. An accounting probe in July led to the CEO and several board members resigning and a 30 percent slide in shares of Toshiba stock, and found that the company suffered from dysfunctions in governance.

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