I have not posted lately, mainly because I have been working towards a deadline to get my book to the editor. The Big Four and the Development of the Accounting Profession in China will be out sometime this fall. It is being published by Emerald, a leading academic publisher. It will be most interesting to people working in the profession and academics working in the area.
I recently wrote an article for Dr. Jim Walker's Forensic Asia, which publishes an excellent newsletter out of Hong Kong. I periodically write for them, and they generously allow me to republish the information here after their readers have had some time with the material.
The attached article is about a month old, but is still current. It outlines the current status of the three terrors affecting foreign investors in Chinese stocks – accounting fraud, regulatory holes, and variable interest entities.