In the recent public concern over the events of Kelon, a key parties - once assume the functions of the accounting firm Deloitte & Touche audit (Deloitte) What kind of role play? The results of their punishment in the SFC upcoming point in time, neither Deloitte Touche Tohmatsu CEO Craig Bartlett (WilliamG.Parrett) yesterday for the first time this has finally accepted the "First Financial Daily" and other media, small-scale interview.
Craig Bartlett will Kelon's wrongful act is defined as "collusion (Collusive fraud), in his view, Kelon incident is unfortunate events, Deloitte is in the herein victim; the same time, in the public view point as this question Deloitte audits the context of those, Craig Bartlett and Deloitte Asia Pacific CEO written promise (M an oj S in gh) In reply to this question indicated, Deloitte adopt the same practice in the global standards and audit methodology (Methodology) There is no question of lowering standards in China.
However, customer and market strategy Deloitte global managing partner of Limon (JerryLeamon) in an interview yesterday that, compared to Deloitte's "Global Standard", Deloitte Touche Tohmatsu (China) seems to also "not reached" to resolve the current The question is "How fast" to meet this standard.
Craig Bartlett said that in 2004, Deloitte & Touche in the audit to Kelon, we found that Kelon in the income of a provision for sales returns and extraction in areas such as major problems, and therefore issue a "reservation" to resign after the audit office. Craig Bartlett will resign evaluation of this act, "was the right decision."
Craig Bartlett believes that a good corporate governance requires checks and balances (Checkandbalance), but when this mechanism is missing, shareholders, regulators and accounting firms are likely to be the cheating. When the internal and external conspiracy, the accounting firm was to increase the possibility of cheating. Deloitte Touche Tohmatsu for the public, "dereliction of duty" and Interrogation, Craig Bartlett argues, one can not expect a thorough accounting firms, "preventive measures", an accounting firm can reduce the amount of fraud, but can not eliminate fraud.
Another accounting firm KPMG (KPMG) of the survey results, October 1, 2001 to July 31, 2005, there is abnormal Kelon major cash flow problem, but Deloitte and Touche in 2002 and 2004 reservations issued none of which had major cash flow problem. When asked to determine whether the Deloitte and KPMG is inconsistent, Craig Bartlett said, "can not be very different."
The following is a "First Financial Daily" in an exclusive interview.
"First Financial Daily": Recently, the auditing profession's "bad news" constantly on the Deloitte & Touche, the Chinese in the United Kingdom, in Japan, negative events have taken place; similar bad news not only from Deloitte, other "big four" also ranks in the list of bad news. Appears to the public's confidence in this industry is facing problems, as the industry leader, do you think how to restore public confidence in the audit profession?
Craig Bartlett: In the past 5 to 10 years, as new technology and the rapid development of communication technologies, but also because of the deregulation of the global audit industry uses a lot of new technology, enhanced communication, from the perspective of accounting standards and many speaking, have made great progress. But the media seems more concerned about the small number of issues arise, while almost ignoring the progress made in these industries.
"First Financial Daily": the Commission on the punishment results Kelon upcoming events, ie, whether Deloitte will soon uncover the truth be punished, this what you expected?
Craig Bartlett: I believe that the Commission will carefully consider all the facts, relying on independent and reliable evidence to make the right judgments. Deloitte (China) are holding a very cooperative attitude, hoping to minimize China's fraud and fraud.
"First Financial Daily": You just mentioned that accounting firms often take time to discover the existence of his own service company engaged in corrupt conduct. In your opinion, Deloitte will take two years to discover the existence of fraud Kelon, two years is not too long?
Craig Bartlett: If time permits, I will take a long time to explain how to find a corporate fraud, this is a very complex process. Case shows, some companies may take up to 10 years of corrupt conduct or even decades.
"First Financial Daily": Deloitte worldwide experience in such cases there?
Craig Bartlett: a textbook on accounting and auditing, there are many such cases, up to 10 years in time, the company engaged in corrupt conduct. The total number of fraud involved in more outside people involved in fraud more difficult to detect fraud will be greater.
"First Financial Daily": In your opinion, Kelon event will Deloitte (China) produce what kind of impact (Impact)? Will this affect China's strategy for Deloitte?
Craig Bartlett: While some companies fraud, but fortunately, as opposed to a large number of companies, fraud or a few cases, some economies have also maintained good growth. China's regulators and the SASAC and other departments of the enterprises have high expectations of conduct. We believe that under Chinese law and related practices, Kelon event will get a fair deal. We also believe that regulators approved the discovery of corporate fraud aspects of Deloitte's efforts.
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