Big 4 Ban Raises Challenging Conflict-Of-Law Issues

Law360, New York (February 3, 2014, 1:07 PM EST) -- The alleged failure to comply with U.S. Securities and Exchange Commission requests under Section 106 of Sarbanes-Oxley has led to an unprecedented six-month ban for the China affiliates of the Big Four — Ernst & Young, KPMG, Deloitte & Touche and PricewaterhouseCoopers — and a censure for a China affiliate of a fifth firm, BDO International. The ban, which went beyond the relief requested by the SEC, likely will lead to further tensions between China and the United States.[1]

The SEC’s press for sanctions and the...
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