And:
[“The real issue at NQ is whether the cash and CDs actually exist. Many Chinese companies have fallen when it is discovered that the company was giving fake documents to the auditors to cover up missing cash, sometimes with the help of banks. Auditors have upped their game in this area and I would be surprised if PwC was duped in the NQ case.”]
Next week this issue can be put to bed for good, if it hasn't already..