A-Power Energy Generation Systems, Ltd.(fka APWR)

[boardname5533]

Question: Why punish a company with deregistration when auditor had access to the financial information and is between a rock and a hard place (The SEC request for info. and the Chinese threat of imprisonment).
http://www.chinaaccountingblog.com/weblog/sec-commissioner-calls-for.html
'It's no secret that the SEC has been investigating accounting irregularities at dozens of China-based companies that are publicly traded in the United States.'
'If these firms are unable or unwilling to comply with U.S. law, the question to ask is whether the companies they audit should be allowed to trade in the U.S. securities markets?'
If firms that have performed an audit refuse to cooperate, how can investors rely on that auditors' work? How can companies find other auditors at additional expense to repeat the audit, or do future audits. A company's best chance is to provide audited financials. Without willing auditors there is nothing a company can do. So why should they be punished with deregistration because of an impasse not of their making? How does this help investors? Investors should be allowed to buy and sell throughout the whole saga with access to any known facts by regulators. Not used as fodder, or bargaining chips by regulators trying to push and pull the audit firms.
'This is a question that must be answered with the needs of investors in mind – both to protect investors and to promote capital formation. Uncertainty regarding audited financial statements hurts investor confidence in the securities of all issuers whose operations are based in places opaque to regulatory oversight.'