In April 2011, Mary Schapiro, the chairman of US Security and Exchange Commission (SEC) stated that from December 2010 to March this year, the securities regulator had revoked the registrations of eight China-based companies and more than 24 Chinese firms after these companies disclosed accounting problems or auditor resignations.
Restoring confidence: Strengthening the regulatory system for PRC firms listing overseas
Recently Chinese companies listed overseas have been experiencing a credibility and credit crisis after revelations of accounting fraud. One solution is to improve the formation of a regulatory system
By
clpstaff