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US SEC fines Deloitte's China affiliate US$20 million for auditing violations

Channel News Asia LogoChannel News Asia2 mo ago

US SEC fines Deloitte's China affiliate US$20 million for auditing violations - Channel News Asia

Quick Summary:

NEW YORK : The US Securities and Exchange Commission on Thursday (Sep 29) fined the Chinese affiliate of Deloitte, one of the "Big Four" accounting firms, US$20 million for letting some clients, including foreign companies listed on US exchanges, conduct their own audit work.

The headquarters of the US Securities and Exchange Commission (SEC) is seen in Washington, DC, US on May 12, 2021.

Deloitte self-reported the violations at its China affiliate to the PCAOB in 2019 upon learning of them, an SEC official said.Pressed for time?


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US SEC fines Deloitte's China affiliate US$20 million for auditing violations - Channel News Asia (Picture 1)US SEC fines Deloitte's China affiliate US$20 million for auditing violations - Channel News Asia (Picture 2)

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Article Details

Category: Economy

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-29 @ 23:17:00 (2 months ago)

News Timezone: GMT +8:00

Ranking: #1913 (out of 3381 stories this day)

News Source URL: channelnewsasia.com

Language: English

Article Length: 410 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 622133

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About Channel News Asia

Channel News Asia Logo

Main Topics: Economy

Official Website: channelnewsasia.com

Update Frequency: 74 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 1 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #27

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  • URL: https://beamstart.com/news/us-sec-fines-deloittes-china-16644668278232

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