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China fines Deloitte $30.8 million over audit failings

Por: ABC News World March 17, 2023

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BEIJING -- The Beijing office of Deloitte Touche Tohmatsu has been fined $30.8 million for failing to adequately audit a Chinese state-owned asset management company whose former head was sentenced to death on corruption charges.The office also was ordered to suspend operations for three months for mishandling audit and other work at Huarong Asset Management Co. in 2014-19, the Ministry of Finance announced Friday.Deloitte was fined 211.9... + full article



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