Tag Archives: Longtop Financial Technologies Ltd.

PCAOB and Chinese Sign MOU

State Board Report June 2013 The Public Company Accounting Oversight Board, the China Securities Regulatory Commission and the Chinese Ministry of Finance have entered into a memorandum of understanding that establishes a framework for the production and exchange of audit documents relevant to investigations in both the U.S. and China. It sets out a mechanism…

SEC Continues to Press D&T Shanghai

State Board Report June 2012 The U.S. Securities and Exchange Commission brought an enforcement action against Deloitte Touche Tohmatsu CPA Ltd. (D&T Shanghai) on May 9, 2012, which was followed by Chinese regulators issuing rules that require the Chinese affiliates of the large international accounting firms to move control of those affiliates to partners who…