NEW YORK - The financial officials urged China's largest auditing firms in the world to re-examine their work to companies Bamboo Curtain country of origin registered in the United States. The Chinese government also asked the auditors gave very clear information about the condition of a number of domestic companies listed in America.
According to Reuters sources, the urge arises concerning the existence of a number of scandals allegedly involving some Chinese companies registered in the United States. If this is not immediately anticipated, will impact China's worsening relations and the country's superpower, because the relationship only recently been revealed that the more obvious cracks. The Chinese government also dismiss the world's four major audit firms namely Deloitte, KPMG, PricewaterhouseCoopers and Ernst & Young, because their reputation is being dropped due to alleged manipulation of auditing scandals with Chinese companies in America.
From the data the International Accounting Bulletin, China is one country with superfast economic growth, and generate at least 1.5 billion dollars for the four large auditing firms last year. This step as well as a return for audit will be done the American government against Chinese-based company Longtop Financial Technologies Ltd.. Panda's country want to ensure that no local company documents that were taken and checked out the Chinese authorities. American step was taken after there were reports of alleged manipulation of the Chinese companies to investors from the U.S.. They claim to lose billions of dollars after installing a number of shares in Chinese companies listed on American stock exchanges
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