Understanding China, One Blog at a Time

An American in China

“Accounting Irregularities Are the Norm in Chinese Companies Listed in the USA”

Posted by w_thames_the_d on December 28, 2010

File this under, “Not shit? As if I couldn’t figure this out”. China is the land of deceit and bribes, so why should it not be true in Chinese companies listed in the USA?


Jim Chanos, who uncovered the accounting fraud at Enron nearly a decade ago, says that accounting irregularities are more the norm than the exception at the Chinese companies researched by his firm, Kynikos Associates.”

I recommend checking your portfolio for any Chinese companies and do your due diligence.

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