The request, sources said, is seen as a direct response to the move by the U.S. regulators in the case of scandal-hit Longtop Financial Technologies Ltd, and to ensure that firms do not succumb to pressure to hand over documents to regulators outside of China. Last month the U.S. Securities and Exchange Commission (SEC) asked an American court to enforce a subpoena it sent to Deloitte Touche Tohmatsu’s China practice for documents from its audit of Longtop.Two sources from the audit industry told Reuters that the Ministry of Finance and China Securities Regulatory Commission (CSRC) met last week with the so-called ‘Big Four’ audit firms — KPMG, PricewaterhouseCoopers, Ernst & Young and Deloitte — along with two smaller firms. The firms were requested by the government to conduct an urgent review of all audits they had done on U.S.-listed Chinese firms in 2010 along with work on U.S. initial public offerings by Chinese companies. [Reuters]
Related Posts
Layoff Watch ’20: Rumor Has It That PwC Brazil Let Go of 600 Employees
- Jason Bramwell
- July 11, 2020
[Updated on July 11 with additional information/comments.] A tipster brought to our attention this morning […]
Share this:
Deloitte Has Stepped Up the Motivational Techniques to Include PowerPoint, Gift Cards
- Caleb Newquist
- January 26, 2010
Yesterday we shared with you some motivational words of wisdom from Deloitte. Today the firm is stepping it up a notch, not just offering words, but a PowerPoint presentation informing the troops about Winter 2010 C.P.R. (Cash, Prizes, & Rewards). The long/short is that Green-Dotters will be eligible to win gift cards starting tomorrow, once in February, once in March, and a grand prize on March 31st.
While we’re impressed with this particular method of distraction/motivation, the best part is that there is a key slide that includes an admission that they know, that you know, that your life is temporarily over:
Whether your slim chances of winning one of these gift cards is worth A) your skin not seeing a ray of sun for three months B) not having any semblance of a social life or C) your significant other screaming “That’s it! It’s so over! You can sleep at the f—ing office if you like being there so much!” has to be determined by you and you alone.
CPR 2010.ppsx
Share this:
This Story of a Deloitte Partner’s Suicide is Really Tragic
- Caleb Newquist
- August 20, 2012
Deloitte partner Daniel Pirron's suicide is terrible. Anyone that has had to cope with a loved […]