US judge imposes suspension on Big Four accounting firms' China units
A US judge has ruled that the China-based units of the Big Four global accounting firms should be suspended from auditing US-listed companies for the next six months. They are accused of failing to disclose information to US regulators investigating Chinese companies.
Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers said they plan to launch an appeal and will continue to serve clients in the interim. They are primarily responsible, among other things, for auditing...
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