Deloitte Touche Tohmatsu CPA Ltd. lost a bid to delay a lawsuit brought by the U.S. Securities and Exchange Commission seeking documents in an investigation of the auditor’s former client Longtop Financial Technologies Ltd. U.S. District Judge Gladys Kessler in Washington today rejected Shanghai-based Deloitte’s argument that the case should be put on hold while an administrative judge considers a separate case the regulator brought against the China-based affiliates of the Big Four accounting firms. “There is no significant burden placed on Deloitte by requiring it to litigate these two very different proceedings simultaneously,” Kessler said. [Bloomberg]
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[Updated on Dec. 6 with additional mid-year raise percentages.] Mid-year raises are definitely rolling out at Deloitte now that a comp thread has been created on Reddit. To recap, in late September, Deloitte CEO Joe Ucuzoglu told staff in an email (scroll down for the full text of Joe U.’s email) that the firm would […]
Are y’all ready for the results of the third auditor round-and-round of 2021? OK. Here we go. It was another big quarter for BF Borgers, which added the most new SEC clients with nine while losing one for a net of eight, according to Audit Analytics’ third quarter audit gains and losses analysis. BF Borgers […]