Talk:China Clean Energy
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Auditor
[edit]I'm not convinced this is significant enough for the article so I've moved it to talk. RJFJR (talk) 02:08, 26 June 2017 (UTC)
On April 15, 2008, China Clean Energy reported it was changing auditors from Michael T. Studer CPA P.C. to Moore Stephens Wurth Frazer and Torbet, LLP.[1] Controversy surrounding the reliability of the previous auditor may have been central to this decision.
On February 18, 2008, Barrons reported:
" One auditor of Chinese companies like China Clean Energy (CCGY) and China Kangtai Cactus Biotech (CKGT) is Michael T. Studer of Freeport, N.Y. In 2006, during an inspection, the PCAOB found "deficiencies of such significance that it appeared...the Firm (Studer) did not obtain sufficient competent evidential matter to support its opinion on the issuer's financial statements." Moreover, in 2004, the National Association of Securities Dealers expelled Studer's firm and barred him from association with any securities firm."
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