Big Four China units appeal audit ban

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Robert Lovell
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Chinese affiliates of the Big Four accounting firms have appealed a US judge ruling suspending them from auditing US-traded clients for six months.

This is the latest development in a long-running fued over how much help US regulators can expect in investigating wrongdoing by China-based companies.

Last month an SEC administrative law judge suspended the Big Four over their refusal to hand over documents about some of their Chinese audit clients which are listed in the US.

The SEC had requested the documents to aid in its investigation of more than 130 US-traded Chinese companies that have encountered questions about their accounting or disclosure in recent years.

Judge Cameron Elliot said...

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