In the news: SEC gets serious, Caterpillar's M&A disaster and Actavis leaves China

January 28, 2014 | BY

clpstaff &clp articles

This week the SEC's decision on the Big Four hit the headlines. Elsewhere, Actavis left China, Caterpillar's mistakes were exposed and plans for a possible 12 new free trade zones were announced

SEC bans Big Four

The long dispute over regulators' access to audit documents (provoked by accounting fraud investigations) has escalated with the SEC imposing a six-month ban on the Chinese units of the Big Four. They intend to appeal against the ruling and continue servicing their clients as the ruling does not go into immediate effect. The appeal is expected to last years, and failure would put the market at huge risk for not only the companies listed (and looking to list) in the US but also for multinationals with bases in China.


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