Telestone Technologies Corp. (fka TSTC)

[kel3]

PCAOBs Lewis Ferguson will soon begin “observational visits,”

PCAOB member Lewis Ferguson said in a speech at California State University that the board and Chinese authorities will soon begin “observational visits,” where PCAOB inspectors will observe Chinese authorities conducting their audit oversight activities and Chinese authorities will observe the PCAOB. At first, observations would focus on quality control examinations at audit firms, but not detailed reviews of individual audits. Ferguson said the board is working with both the China Securities Regulatory Commission and China's Ministry of Finance, which share authority over accountants in China.

http://www.complianceweek.com/pcaob-reaches-tentative-deal-with-china/article/260602/