Former Toshiba auditor to step down from government panel: source

Pedestrians walk past a logo of Toshiba Corp outside an electronics retailer in Tokyo, Japan, June 25, 2015.

/Yuya Shino

The former chairman of Toshiba Corp's audit committee plans to step down from his role on a government accounting panel, a source familiar with the matter said on Thursday, in the latest fallout from the book-keeping scandal at the Japanese industrial conglomerate.Makoto Kubo resigned this week from his job as a director and chairman of the audit committee at Toshiba after investigators concluded the committee failed to function, contributing to "institutionalized" accounting irregularities. The company's chief executive and a string of other senior officials also resigned. Kubo has now also submitted his resignation from the Financial Services Agency's accounting panel, the source told . The panel has been urging Japanese companies to adopt international accounting standards. Kubo's resignation comes a day after Japan Post Holdings, which is preparing for a public offering this year, said it was withdrawing the nomination to its board of Fumio Muraoka, Toshiba's former senior executive vice president. (Reporting by Tadahiko Wada and Ritsuko Ando; Editing by Rachel Armstrong)