Reuters: Regulatory News: SEC charges Deloitte unit over audit work papers

Reuters: Regulatory News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

SEC charges Deloitte unit over audit work papers May 9th 2012, 15:52 WASHINGTON | Wed May 9, 2012 11:52am EDT WASHINGTON May 9 (Reuters) - U.S. securities regulators on Wednesday charged Shanghai-based Deloitte Touche Tohmatsu CPA Ltd for refusing to provide audit work papers related to a Chinese company that is under investigation for possible accounting fraud. The administrative proceedings against the Deloitte affiliate by the Securities and Exchange Commission mark the second time since last year that the SEC has taken enforcement action against the firm. The SEC alleges that Deloitte & Touche Shanghai violated a provision in the Sarbanes-Oxley Act which requires foreign public accounting firms to provide their work papers concerning U.S. companies to the SEC upon request.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions