Barry Epstein – Cendrowski Corporate Advisors

The LIBOR Scandal: Are There Lessons for Auditors?

The recent LIBOR scandal raises concerns about whether independent auditors failed to appreciate the significance or risks attendant to client banks' LIBOR-quoting activities, and if so, whether this could be cited as yet…more

| International Law & Trade, Securities Law

China Moves to Repatriate Its Auditing Profession

In China, management of entities subject to statutory audit requirements may choose the CPA firm to employ, but in order to audit listed companies' and foreign investment enterprises' financial statements CPA firms must first be…more

| International Law & Trade, Securities Law

SEC and PCAOB Dispute Deloitte's Stance on China Work Papers

The SEC instituted an enforcement action against Shanghai-based Deloitte Touche Tohmatsu CPA Ltd. on May 9, 2012, owing to the Firm’s on-going refusal to provide the Commission with working papers related to the audits of an…more

| International Law & Trade, Securities Law

Chinese Audit Firms: Change is Coming. When and Why this may Occur.

U.S. Big 4 accounting networks operating in China must "localize" their operations so that they are led by Chinese citizens and dominated by accountants holding China's accountancy qualifications by December 31, 2017, according…more

| International Law & Trade, Securities Law

Alleged Olympus Fraud is Latest Example of Common Accounting Scam

Business acquisitions have long provided opportunities for companies to perpetrate various schemes for smoothing earnings or concealing losses. The Olympus machinations were a more unusual wrinkle than those more commonly…more

| Mergers & Acquisitions, Securities Law

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