SEC charges China arms of top accounting firms

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Members of the media and policemen gather outside the office of PricewaterhouseCoopers (PWC) in the southern Indian city of Hyderabad in this January 13, 2009 file photo. U.S. regulators on December 3, 2012 charged the Chinese arms of five top accounting firms with securities violations over their refusal to produce certain audit papers for U.S.-listed Chinese companies. REUTERS/Krishnendu Halder/Files