Opinion: Why the audit disclosure feud needs compromise

China and US regulators are working on a deal, but if China wants regulatory equivalency it must first prove its intent to prosecute fraud, says accounting professor Paul Gillis

4 minute read March 06, 2014 at 10:16 AM
By
clpstaff and clp articles

On January 22 2014, an Administrative Law Judge of the US Securities and Exchange Commission (SEC) ordered the China member firms of the Big Four accounting firms (PwC, Deloitte, EY, and KPMG) banned from practice before the SEC for six months.



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