SEC Bars Firm From Auditing US-Traded Businesses Based in China

SEC Bars Firm From Auditing US-Traded Companies Primarily based in China
In what appears to be a first-of-its-sort penalty, the Securities and Exchange Commission on Tuesday barred a Rochester, N.Y., accounting firm from auditing any U.S.-traded businesses based in China, alleging that the firm mishandled the audit of a …
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Itochu sets up JV with Chinese trading company for iron ore sales
Tokyo-primarily based Itochu Corporation has announced that, together with Chinese state-owned trading business Tewoo Group Co., Ltd, it has established TEWOO-ITC Global Trading Co. Ltd, a joint venture to manage imports, processing and sales of iron ore and&nbsp…
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