Fraudulent financial reporting is such a major concern in Asia that U.S. regulators are now getting involved — a reminder to investors of the potential perils posed by companies that are listed in foreign countries, whether through a reverse merger or IPO.
Similar to market crises and accountancy-related corporate scandals that have occurred in the past, the extent to which auditors act in the interests of investors has yet again been brought into sharp focus in the aftermath of the 2007-2009… READ MORE ›
When the Public Company Accounting Oversight Board (PCAOB) Office of the Chief Auditor (OCA) presented an update on 22 March on outreach to investors and others about changes to the auditor’s reporting model, it cited… READ MORE ›
News of New York State Attorney General Andrew Cuomo’s decision to file a civil lawsuit against Ernst and Young LLP for its role as auditor to Lehman Brothers is just the latest crack to develop in the… READ MORE ›
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