Recently, the SEC gave up trying to enforce its auditing rules in China. Members of the “Big Four” accounting firms — KPMG, PwC, Deloitte, and Ernst & Young — are required to have access to certain accounting documents that allow accountants a transparent view into the operations of a company. In China, these standard regulations have not been, and will not be, enforced.
In this podcast, CEO David Trainer will explain how the SEC’s weakness on this issue puts investors in Chinese companies in danger.
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