07-18-2014, 04:22 AM
Just looked at that situation.
1. Crayon (company you brought up) conducted a survey to look into the allegations about the company, at the same time, PWC told them they were going to increase the scope for the audit. (this is how I read the news via Yahoo finance.)
2. NQ hired D&T, and D&T did an extensive review of the company and presented the findings. The review took what 8 months to finish?
3. The similarity here as they are very different in terms of the actions taken by Crayon and NQ is that PWC wants to increase the scope.. Not sure if we can make a true correlation between the two as I doubt fees are even a consideration on NQ's minds.
4. It seems like the whole thing took less than 10 days to get to the resignation of PWC with Crayon, and we are on month 9 with NQ.
So, hopefully this is not a similar case as there are distinct differences, unless of course this is PWC's new method of doing business in China, and just staying away any company considered of wrong doing.
1. Crayon (company you brought up) conducted a survey to look into the allegations about the company, at the same time, PWC told them they were going to increase the scope for the audit. (this is how I read the news via Yahoo finance.)
2. NQ hired D&T, and D&T did an extensive review of the company and presented the findings. The review took what 8 months to finish?
3. The similarity here as they are very different in terms of the actions taken by Crayon and NQ is that PWC wants to increase the scope.. Not sure if we can make a true correlation between the two as I doubt fees are even a consideration on NQ's minds.
4. It seems like the whole thing took less than 10 days to get to the resignation of PWC with Crayon, and we are on month 9 with NQ.
So, hopefully this is not a similar case as there are distinct differences, unless of course this is PWC's new method of doing business in China, and just staying away any company considered of wrong doing.