Olympus audit panel: no violations in handover

TOKYO (Reuters) - A panel reviewing auditing at Olympus Corp said it had so far found no violations of accounting guidelines in the handoff to the Japanese arm of Ernst & Young from another auditor, which drew questions from a previous panel looking into a $1.7 billion accounting scandal. The panel said in an interim report on Tuesday, however, that further examination was needed of the handling of the takeover by Ernst & Young ShinNihon LLC from KPMG AZSA LLC in 2009. External auditors for Olympus have faced questions over whether they were tough enough in monitoring its books. ...