The regulator said Huang, a partner of Deloitte PLT, has failed to design and perform audit procedures involving multi-location audit of the public interest entity and has performed insufficient audit procedures on, among others, group consolidation, construction contracts and goodwill.
“Huang is not appealing on the case and the fine will take effect immediately, ” the SC said in a statement. The fine was from the SC’s Audit Oversight Board. We're sorry, this article is unavailable at the moment. If you wish to read this article, kindly contact our Customer Service team at 1-300-88-7827. Thank you for your patience - we're bringing you a new and improved experience soon!