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Regulator hits subsidiaries of Deloitte & Touche, E&Y, PwC and KPMG in China with $500,000 fee for allegedly failing to assist in fraud investigation.
The SEC has imposed $500,000 sanctions against four China-based branches of four top accounting firms that allegedly refused to turn over documents related to investigations of potential fraud, say SEC officials. The four firms — Deloitte Touche Tohmatsu Certified Public Accountants Ltd., Ernst & Young Hua Ming LLP, KPMG Huazhen (Special General Partnership), and PricewaterhouseCoopers...
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