Question: Refer to the Auditing in Practice feature, Why Might an Audit Firm Refuse to Continue Providing Services to a Client? The Case of Longtop Financial
Refer to the Auditing in Practice feature, "Why Might an Audit Firm Refuse to Continue Providing Services to a Client? The Case of Longtop Financial Technologies and Deloitte. Read the e-mail that Deloitte sent to Longtop management describing their reasons for resigning from the engagement. Briefly describe Deloitte's main complaints. Deloitte and other large audit firms would like very much to operate in the China market. What risks do you think might be unique to accepting and retaining clients in a foreign country that is not necessarily supportive of U.S. interests?
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The following are the main reasons that Deloitte resigned from the Longtop eng... View full answer
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