Deloitte Hit By Record China Fine, Suspension Over Huarong
Huarong had several internal and risk control failures and distorted its accounting which Deloitte missed, according to the statement.
Hemanth Kumar
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(Bloomberg) -- China suspended the operations of Deloitte Touche Tohmatsu Ltd.’s Beijing office for three months and imposed an unprecedented fine over lapses in its auditing work of bad-debt manager China Huarong Asset Management Co.
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