The Chinese government suspended operations at the western-linked auditor Deloitte Touche Tohmatsu Ltd.'s Beijing office for three months after finding "deficiencies" in its auditing work for China Huarong Asset Management.
According to Bloomberg, the Chinese finance ministry carried out a thorough assessment of Deloitte's auditing of bad debt manager Huarong. This evaluation included on-site inspections, personnel interviews, a complete review of documentation, and even a hearing.
The mi...
