So i was just doing some research into these big-name Chinese stocks as I have been very interested in buying the dips. So as I'm guessing we all know Chinese stocks are at risk of being de-listed if they do not allow a US auditor to double-check their books, so i decided to look into who these companies are using as their auditors and turns out they ALL use this company PricewaterhouseCoopers, and they are far from squeaky clean having faced many scandals and whistleblowers coming out talking about mal-practice.
However on a better note PricewaterhouseCoopers also audits a lot of big-name US companies like Bank of America, Chase bank, Goldman Sachs, IBM, Ford and the list goes on, I would like your thoughts on this
Link to a whistleblower article
https://www.pogo.org/investigation/2018/05/pwc-whistleblower-alleges-fraud-in-audits-of-silicon-valley-companies/
Submitted December 15, 2020 at 06:17AM by Sudden_Honeydew3355 https://ift.tt/3nn6jxd
