http://www.wsj.com/articles/sec-chinese-affiliates-of-accounting-firms-near-settlement-1423090310

SEC, Chinese Affiliates of Accounting Firms Near Settlement; Chinese Audit Firms of Big Four Accounting Firms Face Sanctions Over Document Sharing

MICHAEL RAPOPORT And JEAN EAGLESHAM

Updated Feb. 4, 2015 6:25 p.m. ET

The Securities and Exchange Commission and the Chinese affiliates of the Big Four accounting firms are close to settling a high-profile dispute that had threatened to complicate the audits and fundraising capabilities of dozens of Chinese companies and U.S. multinationals, according to people familiar with the situation. The prospective settlement would sanction the Chinese audit firms for refusing to give the SEC documents about some of their U.S.-traded Chinese clients that were under SEC investigation. Continue reading →

Click to access SoundGlobal-HK_0967-StrongSell.pdf

Posted by LIN Liye, Year 4 undergrad at the School of Economics, Singapore Management University

Sound Global is one of the players in the Chinese wastewater treatment industry and is engaged in the construction and operation of treatment plants, either as a contractor or as a BOT (build-operate-transfer) operator. A lumpy business segment allows it to slip in 40% of non-existent revenue and hide many cases of revenue exaggeration.

Continue reading →

http://news.asiaone.com/news/business/former-spore-banker-pleads-guilty-olympus-21-billion-accounting-fraud

Posted by Joel CHUA Yong Sheng , Year 3 undergrad at the School of Business, Singapore Management University

NEW YORK – A former Singapore banker pleaded guilty in federal court in New York on Wednesday to helping Japan’s Olympus Corp orchestrate a US$1.7 billion (S$2.1b) accounting fraud. Continue reading →

http://www.financierworldwide.com/mitigating-and-managing-corporate-fraud-in-asia/#.VNIco9H9nxN

Posted by Katharine TAN Pei Shi, Year 4 undergrad at the School of Accountancy, Singapore Management University

FW moderates a discussion examining corporate fraud in Asia between Kanupriya Jain, practice leader for Corporate Investigations, at Control Risks, Denis Brock, a partner at King & Wood Mallesons, and Matthias Oberlinner, a director at Siemens Ltd.

FW: How would you characterise perceptions – both from outside the region and internally – of corporate fraud across Asia? Continue reading →

http://www.theglobeandmail.com/report-on-business/industry-news/the-law-page/osc-considers-setting-up-canadas-first-whistleblower-program/article22760661/

Posted by John SOH Yong Ye , Year 4 undergrad at the School of Economics, Singapore Management University

The Ontario Securities Commission is considering setting up Canada’s first whistleblower program, offering to pay up to $1.5-million to people who provide tips on securities crimes that lead to major prosecutions. Continue reading →

http://www.bloomberg.com/news/articles/2015-02-03/why-did-the-chinese-executive-disappear-it-s-personal-

Why Did the Chinese Executive Disappear? It’s ‘Personal’

byShai Oster

February 4, 2015

(Bloomberg) — Chinese companies struggling with how to disclose the departure of top executives amid a nationwide crackdown on corruption are adopting the favored euphemism of U.S. corporations: personal reasons. Continue reading →