China Growth Stocks

[bullmarkets]

This has been coming up a lot in private conversations with participants on a variety of boards, and is an area of concern to some creating a divide between, for example, those with accounting background who assume such checks and procedures are an implicit given, and non accounting-trained folks, skeptics, worried investors, and also some accountants too who want every nuanced detail of process to know what was really checked. Everyone wants doveryai, no proveryai (trust but verify). I'm all for procedure and glastnost (openess) especially with this much challenge to CCME ongoing. So you are not unreasonable given the question marks, skeptics, and heightened scrutiny, to seek to hear more from Deloitte and any potential putative penumbral backup auditor including the methodology and process of audit thereby also providing ample education on their audit procedures. I would not care if Deloitte announced their methods long in advance of earnings. Why not?Procedure is just procedure, isn't it? Nothing private or awry in saying how an auditor went about a verification. Adds trust to the audit and removes unknowns.

-Andrew