Deloitte’s Chinese unit has been penalised by the US regulator. Photo: Shutterstock
Deloitte’s Chinese unit has been penalised by the US regulator. Photo: Shutterstock

US regulator settles with Deloitte China for US$20 million on audit issues related to 12 mainland clients

  • Deloitte said it self-reported the problems to the regulators, while the SEC said the accounting firm asked certain clients to select their own samples for testing
  • The action underscores the need for the PCAOB to be able to inspect Chinese audit firms, said SEC chair Gary Gensler

Deloitte’s Chinese unit has been penalised by the US regulator. Photo: Shutterstock
Deloitte’s Chinese unit has been penalised by the US regulator. Photo: Shutterstock
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