www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Companies

Chinese units of 'Big Four' global auditors settle dispute with SEC

(Xinhua) Updated: 2015-02-07 16:13

Chinese units of 'Big Four' global auditors settle dispute with SEC

The Beijing office of KPMG LLP. The China units of the Big Four accounting firms agreed to each pay $500,000 and take specific steps to provide documents to SEC investigators over the next four years, the SEC said in a statement. [Provided to China Daily]

WASHINGTON - The Chinese affiliates of the "Big Four" global accounting firms agreed to pay a total of $2 million to settle a long-running dispute with the US Securities and Exchange Commission (SEC) over their reluctance to turn over documents related to investigations of potential fraud, the SEC announced Friday.

The Chinese-based units of PricewaterhouseCoopers, Deloitte Touche Tohmatsu, KPMG and Ernst & Young each agreed to pay $500,000 and take specific steps to provide documents to SEC investigators over the next four years, the SEC said in a statement.

The settlement follows a ruling by the SEC last year recommending the suspension of the Chinese affiliates of the "Big Four" firms for six months, which could have affected hundreds of Chinese companies listed in the US and US multinational companies operating in China.

Antonia Chion, Associate Director of the SEC's Enforcement Division said, "the settlement provides a path forward for obtaining productions and enhanced future cooperation from the "Big Four" firms."

As part of the settlement, the Chinese affiliates admitted that they did not produce documents before the SEC started administrative proceedings against them in 2012, but didn't admit or deny other findings in the order, the SEC said.

The four Chinese affiliates said in a joint statement that they were pleased to have reached the settlement with the SEC. "The firms' ability to continue to serve all their respective clients is not affected by this settlement," they said.

The dispute began in 2012 after the SEC filed lawsuits against the Chinese affiliates of the "Big Four" auditors for their refusal to provide audit work documents related to China-based companies under investigation for potential accountancy fraud. The firms said providing such access would violate Chinese law.

China and the U.S. have been trying to find a solution, with the Public Company Accounting Oversight Board (PCAOB) signing a memorandum with Chinese regulators on the exchange of documents related to investigations in either country in May 2013.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 免费国产一区二区三区 | 高清毛片免费看 | 日韩一级免费毛片 | 一级亚洲 | 国产α片 | 国产午夜精品理论片影院 | 一级毛片在线免费看 | 97久草| 日韩性视频网站 | 日本b站一卡二卡乱码入口 日本s色大片在线观看 | 亚洲欧洲日韩在线 | 中文国产日韩欧美视频 | 福利91| 欧美同性videos在线可播放 | 一区二区三区在线 | 国产乱码精品一区二区三区四川人 | 免费视频成人国产精品网站 | 日本在线观看免费视频 | 狠狠一区 | 女仆色在线 | 欧美怡红院高清在线 | 国产视频二区在线观看 | 国产精品福利社 | 亚洲天堂男人在线 | 欧美在线视频免费观看 | 欧美一区二区三区精品国产 | 国产精品久久久久久久久免费hd | 久草免费资源在线 | 亚洲成人91| 国产亚洲精品久久久久久久久激情 | 美女张开双腿让男人桶视频免费 | 黄色a三级免费看 | 在线永久免费观看黄网站 | 免费国产一区二区三区 | 国产成人精品午夜在线播放 | xxxxxhd亚洲日本hd | 狠色狠狠色狠狠狠色综合久久 | 国产亚洲视频在线播放大全 | 亚洲精品久久九九热 | 欧美三级黄色大片 | 久久99久久精品国产99热 |