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Deloitte is starting to become particularly concerned about doing business in China. Last
year, the Big Four auditing firms discovered that a number of financial irregularities
regarding a series of U.S. listed companies centralized in China. Auditing firms become
aware of problems towards the end of April.
Deloitte has decided to discontinue doing business with Boshiwa last week on concerns
the firm wasn't providing the appropriate answers to those questions. Deloitte feels
it is crucial that any firms they do business with do so with full transparency.
Deloitte has since stopped doing auditing work for Daqing Dairy Holdings Ltd. earlier
this week. For the complete article, please go to Big4.com