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[August 16, 2014]
SEC Issues Administrative Ruling on BDO China Dahua CPA Co., Ltd., et. al.
(Targeted News Service Via Acquire Media NewsEdge) WASHINGTON, Aug. 14 -- The Securities & Exchange Commission issued the following administrative proceeding: In the Matter of BDO CHINA DAHUA CPA CO., LTD., ERNST & YOUNG HUA MING LLP, KPMG HUAZHEN (SPECIAL GENERAL PARTNERSHIP), DELOITTE TOUCHE TOHMATSU CERTIFIED PUBLIC ACCOUNTANTS LTD., and PRICEWATERHOUSECOOPERS ZHONG TIAN CPAs LIMITED EXTENSION ORDER On August 11, 2014, Respondents Ernst & Young Hua Ming LLP, KPMG Huazhen (Special General Partnership), Deloitte Touche Tohmatsu Certified Public Accountants, Ltd., PricewaterhouseCoopers Zhong Tian CPAs Limited (collectively the "Big Four Respondents"), and the Division of Enforcement ("Division"), jointly requested a 45-day extension to the briefing schedules set by the Commission by order dated June 2, 2014.1 The Division represents that Respondent BDO China Dahua CPA Co. Ltd. ("Dahua") agrees with the proposed extension.
In support of their motion, the Division and the Big Four Respondents state that the 45-day extension is warranted, in light of the progress made thus far and current prospects for potential settlement, and it is worthwhile to continue their discussions.
Extensions of time are disfavored. It appears appropriate, however, to grant the requested extension. Therefore, It is ORDERED that the briefing schedule is extended as follows: November 3, 2014: Big Four Respondents' consolidated opening brief; the Division's opening brief (as to remedies imposed on Dahua).
December 19, 2014: Division's principal brief and response to Big Four Respondents' opening brief; Dahua's response brief to the Division's opening brief (as to remedies imposed by Dahua).
January 9, 2015: Big Four Respondents' single consolidated response and reply brief.
January 26, 2015: Division's reply brief (as to the Division's Petition for review).
For the Commission, by its Secretary, pursuant to delegated authority.
Lynn M. Powalski Deputy Secretary TNS 24KuanRap-140816 30FurigayJof-4831432 30FurigayJof (c) 2014 Targeted News Service
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