Four China-based accounting firms affiliated with the “Big Four” on Friday agreed to pay $500,000 each to settle charges by the U.S. Securities and Exchange Commission that they refused to turn over documents in multiple fraud investigations.
In January 2014, an SEC administrative law judge ruled that the Chinese units of Ernst & Young, KPMG, Deloitte Touche Tohmatsu and PricewaterhouseCoopers “willfully refused” to provide the SEC with work papers and related documents in connection with their audit work for nine China-based companies that had securities registered in the United States.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
