The firm has had about all the fun it can handle trying to audit Chaoda Modern Agriculture.
Unless you don't mind the most rudimentary procedures being made mind-numbingly difficult:
Floyd Norris notes:
Is this about to get ridicurous?
And it's probably just a matter of time before they start winning all the Elijah Watt Sells awards.
PCAOB Chairman James Doty shot the breeze with the SEC for awhile today, speaking about, among other things, how the Board would handle this boatload of Chinese filers who don't seem to know their asses from their elbows when it comes to accounting...
Remember Longtop Finanical? That's the Hong Kong-based company that Deloitte kicked to the curb last May for a number of sketchy reasons that included the "the unlawful detention of DTT's audit files."
"In over 25 years of acting as Chairman, CEO and CFO of several companies on three continents, I have never had to deal with such unprofessional auditors as those at KPMG Hong Kong."