China MediaExpress Holdings, Inc. (fka CCME)

[raijin]

If you're trying to imply that Deloitte did this, then they should definitely be sued for misleading investors by saying all is well in the 2009 10-k and subsequent 10-Q's.
What's the point of doing an audit when you're just going to blindly rely on the company to tell you the truth, that's not exactly independent verification. Not exactly first tier work if you ask me, or second tier, or any tier at all.

Traderfan wrote:

Maloney Baley stated in filings lately that they accepted the stuff given by the company when it came to auditing all the cash in the account and how it got there. Just recently they changed that way and were demanding certain statements directly from the bank. When they did this certain issues came up. Does any bell ring here? I mean can you believe this? These guys admit that they didn't even check the cash statements directly with the bank before. lol