EY CEO Claims He Is Not Worried About Quality Of Chinese Audits

There is little to be worried about the quality of audits of firms operational in China, believes the chief executive of one of the four largest accountancy agencies of the world. The quality of the auditing done by Earnest & Young (EY) in on companies in China is not something that makes the Global Chairman…

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U.S. Commerce Department places Fujian Jinhua Integrated Circuit Co Ltd on U.S. exports restriction list

The development comes midst allegations that Fujian Jinhua Integrated Circuit Co Ltd stole intellectual property from U.S. chip company Micron Technology Inc. In a strategic development, U.S. President Donald Trump’s administration has placed Chinese state-backed chipmaker Fujian Jinhua Integrated Circuit Co Ltd on a list of entities that cannot purchase components, software and technology goods…

China’s Ministry of Finance pulls up Xiaomi over accounting errors

The development piles up more investor pressure on Xiaomi’s stock, which is already down by 30% since its July 2018 IPO. On Tuesday, Chinese authorities disclosed, smartphone maker Xioami Corp had committed accounting errors. With the news reaching the market, Xioami’s Hong Kong-listed shares turned south midst a wider sell-off of China tech stocks. In…