Mr Koon, Xingquan has a cash pile of 1.1 Billion Renminbi. Did the auditor verify the cash deposits with the banks or instituitions? Did the auditor go to the banks or instituitions with the clients to obtain the bank statements personally from the banks or instituitions and not just rely on the clients?
Blog: Jaya Tiasa: RHB Research - Koon Yew Yin
2014-12-16 11:24 | Report Abuse
Mr Koon, Xingquan has a cash pile of 1.1 Billion Renminbi.
Did the auditor verify the cash deposits with the banks or instituitions?
Did the auditor go to the banks or instituitions with the clients to obtain the bank statements personally from the banks or instituitions and not just rely on the clients?