PCAOB Issues Cautionary Research Note On China Reverse Mergers

Posted by Bill Bockwoldton March 18, 2011

The PCAOB released their first public research note earlier this week, "cautioning U.S. registered accounting firms that their audits of companies with operations outside of the U.S., particularly in China, may not be in accordance with PCAOB standards if the company accessed the U.S. capital markets through a reverse merger transaction." The actual research note can be found here.

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Tags: Internal Controls, reverse merger, PCAOB, audit deficiency