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The China Securities Regulatory Commission

Chinese Audit Firm Inspections May Start by Year-End

Chinese Audit Firm Inspections May Start by Year-End

The PCAOB’s leadership expects to begin inspecting Chinese audit firms in the People’s Republic as soon as this year. The resurgent market in Chinese company initial public offerings (IPO) on U.S. stock exchanges gave the audit regulatory board an extra incentive to reach a deal. PCAOB Chairman James Doty said on July 15, 2014, that […]

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Private Company Proposals on Goodwill, Derivatives Get Approved

Private Company Proposals on Goodwill, Derivatives Get Approved

The FASB’s Private Company Council October 1, 2013, approved two proposals to ease accounting for some common private company transactions. Proposed Accounting Standards Update (ASU) No. PCC-13-03,Derivatives and Hedging (Topic 815), Accounting for Certain Receive-Variable, Pay-Fixed Interest Rate Swaps a proposal of the Private Company Council, offers a break for private companies that have to […]

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Five Foreign Affiliates of Big Four Firms Cited for Flawed Audits

Five Foreign Affiliates of Big Four Firms Cited for Flawed Audits

The PCAOB released inspection reports for 23 accounting firms on October 3, 2013, and found problems at 13 of them. The reports included reviews of work done by Deloitte Touche Tohmatsu in Australia, Ernst & Young Inc. in South Africa, KPMG’s operations in India and the Netherlands, and PricewaterhouseCoopers in Germany and Papua New Guinea. […]

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Chinese Are Prepared to Hand Over More Auditor Papers

Chinese Are Prepared to Hand Over More Auditor Papers

The China Securities Regulatory Commission is getting ready to hand over more auditor papers to the SEC. The move follows a recent decision by China’s market regulator to give U.S. officials the paperwork for Longtop Financial Technologies Ltd. Longtop’s documents were the first set of papers given to a foreign regulator by the Chinese after […]

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Meet Paul Raymond

Meet Paul Raymond

Mr. Raymond is a sought after speaker in tax controversy law by many attorney, accountant, and business groups and at the request of the Internal Revenue Service, has presented programs at the IRS Nationwide Tax Forum, attended by tax professionals throughout the United States.

Additionally, he continues to be an active member in the Section of Taxation, American Bar Association, where he was the Past Chair of the Employment Taxes Committee.

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Member CA Bar Member Orange County Bar US Tax Court Attorney