Saturday, February 15, 2014

SEC judge bars ‘Big Four’ China units for 6 months over audits

Chinese units of the global “Big Four” accounting firms should be suspended from auditing US-
listed companies for six months, a judge in the US ruled, in an escalation in a long-running dispute over regulators’ access to documents.In a harshly worded 112-page ruling, Securities and Exchange Commission Administrative Law Judge Cameron Elliot censured the Chinese affiliates of KPMG, Deloitte & Touche, Price water house Coopers and Ernst and Young.

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