Wall Street Journal (December 4)
2012/ 12/ 05 by jd in Global News
“The U.S. Securities and Exchange Commission’s high-profile attack on the Chinese affiliates of five major accounting firms calls into question the future of China-based companies listing on the U.S. stock exchanges at a time when accounting scandals have eroded investor appetite for these companies.” If the Judge rules for the SEC, the audit firms “could be suspended from seeking new U.S.-traded clients, or even blocked entirely from auditing U.S.-traded companies.”
Tags: Accounting scandals, Audit firms, China, SEC, U.S.
