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One Way Or Another: The SEC Versus The Chinese Big Four Firms

SEC Administrative Judge Cameron Elliot issued a blistering decision last week in a long-running dispute over regulator access to auditor work papers in fraud investigations. The judge banned the Chinese Big Four firms from auditing US issuers for six months and lambasted them for voluntarily putting their firms “between a rock and a hard place.” The decision is not yet final but the enormous impact is already being felt worldwide.

What The SEC And PCAOB Fail To Acknowledge About Chinese Fraud

There have been significant developments on the issue of Chinese frauds and in the efforts by the SEC and the PCAOB to investigate and bring responsible parties to justice, including the auditors of the companies under investigation.

But none of these developments will have any significant impact on the bigger problems facing China and investment in China.