SEC charges top accounting firms over China data
- Published: 4 Dec 2012 at 02.47
- Online news: World
US market regulators charged the China affiliates of five top accounting firms Monday with violation of securities laws for refusing to provide audit data related to China-based companies.
Robert Khuzami, Director of the US Securities and Exchange Commission's (SEC) Enforcement Division, announced that the US had charged the China affiliates of five top accounting firms with violation of securities laws for refusing to provide audit data related to China-based companies.
"The audit materials are being sought as part of SEC investigations into potential wrongdoing by nine China-based companies whose securities are publicly traded in the US," the Securities and Exchange Commission said.
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