SEC gets tough on auditors and soft on China

Accounting firms can no longer hide behind China’s skirts when U.S. regulators demand paperwork on suspected fraudsters. Yet China can still protect beancounters and their clients if it chooses. This unsatisfactory compromise leaves investors only a little better off. Under a settlement reached on Feb. 6, Chinese affiliates of Deloitte, […]



Reuters via CHINA US Focus http://ift.tt/1CbkHLS