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URL:  http://boards.fool.com/gang-of-five-china-auditors-charged-30412602.aspx

Subject:  Gang of Five China auditors charged Date:  12/4/2012  5:51 AM
Author:  TMFCogitarius Number:  5139 of 5166

At last...
'The US financial regulator has charged the Chinese units of five accounting firms - including the so-called Big Four - over refusing to hand over auditing data on China-based companies.

The companies are under investigation by the Securities and Exchange Commission for "potential accounting fraud against US investors".

The nine China-based firms are publicly traded in the US.

An administrative law judge will schedule a hearing on the matter soon.

The five firms are the Chinese affiliates of the Big Four - Deloitte Touche, Ernst & Young, KPMG and PricewaterhouseCoopers - as well as the accounting firm BDO's China unit.'
http://www.bbc.co.uk/news/business-20587401
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