An Analysis 4 Chinese Advertising Businesses
They are all audited by Deloitte and all four have advertising businesses in China.
While they do have similar business models, they all have different facets of their business that make each one unique and they are not direct competitors either. First, I want to go into some reasons as to why it is important that Deloitte audits these four unique businesses, especially considering the importance of an audit by a top 4 firm and the pressure that U.S. listed China stocks have come under over the last year.
1) It shows that Deloitte has experience within Chinese Advertising industry
2) They know what to look for and through
3) Viewing a wide range of contacts and relationships
4) Experience verifying cash
5) It makes it easier to find discrepancies
I could continue on in regards to the importance of Deloitte auditing all four of these firms, but it shows
Complete Story
Comments