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SEC charges China arms of top accounting firms

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

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...more

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
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The Deloitte logo is seen on a commercial tower at Gurgaon, on the outskirts of New Delhi in this August 9, 2012 file photo. U.S. regulators on December 3, 2012 charged the Chinese arms of five top accounting firms, including Deloitte, with securities violations over their refusal to produce certain audit papers for U.S.-listed Chinese companies. REUTERS/Parivartan Sharma/Files

The Deloitte logo is seen on a commercial tower at Gurgaon, on the outskirts of New Delhi in this August 9, 2012 file photo. U.S. regulators on December 3, 2012 charged the Chinese arms of five top accounting firms, including Deloitte, with...more

The Deloitte logo is seen on a commercial tower at Gurgaon, on the outskirts of New Delhi in this August 9, 2012 file photo. U.S. regulators on December 3, 2012 charged the Chinese arms of five top accounting firms, including Deloitte, with securities violations over their refusal to produce certain audit papers for U.S.-listed Chinese companies. REUTERS/Parivartan Sharma/Files
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The logo of Ernst & Young is seen at their headquarters in New York in this December 20, 2010 file photo. U.S. regulators on December 3, 2012 charged the Chinese arms of five top accounting firms, including Ernst & Young, with securities violations over their refusal to produce certain audit papers for U.S.-listed Chinese companies. REUTERS/Lucas Jackson/Files

The logo of Ernst & Young is seen at their headquarters in New York in this December 20, 2010 file photo. U.S. regulators on December 3, 2012 charged the Chinese arms of five top accounting firms, including Ernst & Young, with securities violations...more

The logo of Ernst & Young is seen at their headquarters in New York in this December 20, 2010 file photo. U.S. regulators on December 3, 2012 charged the Chinese arms of five top accounting firms, including Ernst & Young, with securities violations over their refusal to produce certain audit papers for U.S.-listed Chinese companies. REUTERS/Lucas Jackson/Files
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