China Slaps Deloitte With $31m Fine Over Huarong Audit

China Slaps Deloitte With $31m Fine Over Huarong Audit

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China has fined auditing giant Deloitte $30.8 million for failing to perform its duty in assessing the asset quality of China Huarong Asset Management Co Ltd, the country’s finance ministry announced. Deloitte’s Beijing operations also will be suspended for three months, the ministry said in a…

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