China MediaExpress Holdings, Inc. (fka CCME)

[ValueInvestorToday]

No, it's not true. In the case of DTT, each auditing firm is independent of all other auditing firms carrying the Deloitte brand. One logical reason your assumption doesn't even make sense is because - if you take every audit that is being done each day by a Deloitte branch member, it would be impossible for the head company to review that size of a work load. That was the problem that existed to begin with that Deloitte recognized and subsequently started their "franchise" model of doing business.

A DTT independent subsidiary does not audit a company such as CCME, then subsequently send all documents to the U.S. Deloitte headquarters for review and/approval. It's impossible. The headquarters could never handle that kind of work load and it would defeat the purpose of why they have a franchise model. It's like asking McDonald's headquarters to audit all the cash registers of its subsidiaries on a daily basis. It doesn't happen and would be impossible to do.

Your story is 1. Either completely made up or 2. Came from a completely contrived source.