China MediaExpress Holdings, Inc. (fka CCME)

[Motor City Trader]

Paul Gillis is a visiting professor of accounting at Peking University"s Guanghua School of Management. Here is his take on Chinese audits:

schooling-the-auditors

Actually, quite a vote of confidence:

"Deloitte should be currently engaged in the audit of the calendar year 2010 numbers for CCME which should be reported in the near future. After the cajoling by Deloittewatch.com, I think we can expect that there will be few stones unturned in this audit. I am confident that Deloitte will not sign unless they are comfortable with all of the issues raised by investors."