Next year's introduction of consolidated accounting will force companies to take on to their books subsidiaries in which they have effective control, even though they may have only a minority stake.

ECONOMIST: Worse to come

Moreover, Japan is to introduce consolidated accounting in 1999.

ECONOMIST: Tax reform runs late

The Fiscal Affairs Department and the Fiscal Administrator consolidated the accounting and financial functions of the five different divisions under one department.

FORBES: Bishop Corletta Vaughn, Chief Apostle, Held Personally Responsible for Ministry's Payroll Withholding

The company was also asked by the Securities and Exchange Commission to remove an unusual accounting metric, dubbed Adjusted Consolidated Segment Operating Income, which painted a more robust picture of its performance.

WSJ: Groupon Reevaluating IPO Plans Due to Market Volatility

And the government introduced tougher accounting standards last year, which require big companies to produce consolidated accounts.

ECONOMIST: South Korean banks