The Chinese federalgovernment states the Beijing workplace of Deloitte Touche Tohmatsu was fined $30.8 million for stoppingworking to effectively audit a state-owned possession management business
BEIJING — The Beijing workplace of Deloitte Touche Tohmatsu hasactually been fined $30.8 million for stoppingworking to sufficiently audit a Chinese state-owned possession management business whose previous head was sentenced to death on corruption charges.
The workplace likewise was purchased to suspend operations for 3 months for mishandling audit and other work at China Huarong Asset Management Co. in 2014-19, the Ministry of Finance revealed Friday.
Deloitte was fined 211.9 million yuan ($30.8 million)