China Auditors Have Seen Better Days
December 3, 2012 2 Comments
Today is not the best day for the China affiliates of the “big 4” and other auditors. Muddy Waters Research, via a tweet, facetiously said “Today is China Auditorageddon”. One wonders if there will be negative consequences on any of the US-listed China stocks, despite the Short China Reverse Merger trade being over. Posted below are today’s key developments, for posterity’s sake (and just in case the filings mysteriously disappear).
SEC Charges China Affiliates of Big Four Accounting Firms with Violating U.S. Securities Laws in Refusing to Produce Documents
ORDER INSTITUTING ADMINISTRATIVE PROCEEDINGS
OSC ON SINO-FOREST