主题:从个人经历谈下朱相 -- 五福
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The audit quality for China's Big state-owned enterprises in late 1990s is much better and different: both the Chinese side and American side were very serious. Big 4 China's report is not fully trusted--Big 4 NY has a special taskforce whose sole job is to deal with new China IPO with investors and the SEC. That taskforce reviewed and gave a very hard time to those state-enterprises.
If my memory is correct, some audit report was finally issued by American NY office, NOT Big-4 China Division. The legal implication was also very different. hehe, you sound like a Big4 China person, you should know.
After 2003, many China IPOs are from private firms, under some special structures through tax havens. AND INVESTORS HAVE NO DIRECT SHAREHOLDING in the operating companies in China (again, very different from the 1990s China IPOs). Many are even through reverse merger, rather than formal IPOs.
Audit reports are also issued by Big 4 China, NOT Big-4 NY.
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🙂问题就在这里,有了朱老板尚方宝剑的审计师就不一样了 观风望月 字148 2012-08-22 22:54:07
🙂without sufficient evidence 2 parishg 字534 2012-08-22 15:40:10
🙂德勤不久前才给某美国上市中概股出了无法出具意见的审计报告 镐梓 字28 2012-08-24 08:24:49
🙂deloitte China or DeloitteNY
🙂安达信发来贺电 刘老实 字15 2012-08-24 06:22:50
🙂I never said a good word parishg 字603 2012-08-24 11:19:25
🙂这段有点过于尖刻了 3 联储主席 字185 2012-08-22 11:53:05
🙂这帮人都被西方人洗脑了,一心以为西方人都是高尚的上帝。 6 luguo 字210 2012-08-23 12:02:21