Deloitte Touche Tohmatsu

Pushing for end to deadlock over China's audit secrets

The SEC wants the Chinese subsidiaries of the Big Four global accounting firms to hand over audit papers. Photo: Bloomberg

The US Chamber of Commerce has urged Washington and Beijing to resolve a dispute over the auditing of US-listed Chinese firms, warning failure to do so will seriously hurt both countries.

Saturday, 4 May, 2013, 4:54am

Daqing Dairy chairman and finance chief resign over Deloitte's misgivings

Daqing Dairy's chairman Zhao Yu and chief financial officer Fong Pin Jan resigned yesterday, according to the company.

Their resignations follow that of several directors from the mainland dairy company and its former auditor, Deloitte Touche Tohmatsu, which expressed misgivings about Daqing's financial statements.

11 Jan 2013 - 3:56am

Accounting firms caught between the laws of China and the US

The Big Four firms and BDO are accused of not co-operating with the US. Photos: Bloomberg and Reuters

The world's top five largest accounting firms facing a US regulatory probe relating to allegations they withheld documents under mainland state secret laws, have called on China and the US to prevent them being sandwiched between the laws of the two countries.

5 Dec 2012 - 4:45am

Deloitte chief hits back over 'diluted StanChart report'

Deloitte chief executive Joe Echevarria is fighting back against allegations that his firm helped Standard Chartered hide transactions with Iran, saying charges by the top New York state banking regulator were "distortions of the facts".

15 Aug 2012 - 1:33am

Third troubled Deloitte client in months

Trony Solar is the third mainland private enterprise client of auditor Deloitte Touche Tohmatsu to have run into accounting disclosure troubles in three months.

26 Jun 2012 - 12:00am

Daqing Dairy independent review panel dissolves

The independent review committee set up by listed mainland firm Daqing Dairy is in tatters as shareholders are at a loss how the company has been conducting its affairs since auditor Deloitte resigned in March.

Daqing suspended trading of its stocks on the Hong Kong stock exchange in March when Deloitte resigned as its auditor.

21 Jun 2012 - 12:00am

career tracker

Ryan Chang, co-leader, Deloitte Asia-Pacific International Core of Excellence

16 Jun 2012 - 12:00am

Cheung Kong drops Deloitte for PwC

Cheung Kong plans to drop its auditor, Deloitte Touche Tohmatsu, which has been checking its books since the property company was listed in 1972, to streamline its auditing.

PricewaterhouseCoopers, which audits associate Hutchison Whampoa, will replace Deloitte.

11 Apr 2012 - 12:00am

Audit regulator probes HK-listed mainland firms

Hong Kong's accounting regulator is investigating several local-listed mainland firms for suspected financial irregularities.

The Financial Reporting Council's probes follow fund managers' move last week to dump shares in the firms after their auditors quit.

3 Apr 2012 - 12:00am

HKEx in no rush to tighten rules

The city's stock exchange is resisting pressure to strengthen corporate governance rules despite a recent slew of auditors resigning from Hong Kong-listed firms.

Charles Li Xiaojia, chief executive of Hong Kong Exchanges and Clearing (HKEx), said HKEx would not rush to enact new rules on corporate governance simply because of that.

23 Mar 2012 - 12:00am

Boshiwa nosedives after auditor resigns

Shares of children's wear company Boshiwa International were suspended from trading yesterday after the sudden resignation of its auditor sent its stock price plunging by more than one-third.

16 Mar 2012 - 12:00am

Encounters of a top kind

Aside from the chance to discover more about potential employers, the CPA Australia Career Expo also provides students and fresh graduates with the opportunity to decide where their career prospects lie within the accounting profession.

14 Jan 2012 - 12:00am

VisionChina investors fail in bid to remove chairman

The dispute between shareholders and the board of VisionChina Media escalated yesterday at its annual general meeting in Hong Kong, as investors failed to present a resolution seeking the removal of chairman and chief executive Li Limin.

29 Dec 2011 - 12:00am

Online market delivers the goods

Lifted by the mainland's buoyant e-commerce sector, online supermarket Yihaodian has topped this year's ranking of the 500 fastest-growing technology companies in the Asia-Pacific region.

2 Dec 2011 - 12:00am

Wang's siblings want new administrator for estate

The family-run Chinachem Charitable Foundation has filed a High Court writ demanding PricewaterhouseCoopers replace accountants Deloitte Touche Tohmatsu as administrator of the estate of the late Nina Wang Kung Yu-sum.

11 Nov 2011 - 12:00am

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