China Warehouse- More Than Crockery Message Board

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Strategies & Market Trends : China Warehouse- More Than Crockery

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To: RealMuLan who wrote (1191)	10/31/2003 11:14:52 AM
From: RealMuLan	Read Replies (1) of 6370

China moves to tighten corporate accounting standards Under the rules, effective from January 1 next year, review and engagement auditors must be rotated every five years and must take a two-year break before auditing the same client again. The rules apply to auditors of listed companies, underwriters, securities and futures market operators, stock and futures exchange, securities investment funds, their management companies and settlement institutions. Chinese authorities have been pushed to act by a series of domestic scandals in recent years, but also by the swathe of legislation which followed the collapse of Enron in the United States. - AFP channelnewsasia.com

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