The owner mentioned something yesterday on the CC about the cost of doing business as it relates to paying for sales and marketing. I would be willing to bet that the cost they are trying to cover up is the sales force going out and buying expensive cognac, high class escorts, and partying customers till the sun comes up crazy Chinese style. It is a total embarrassment, but does it mean that the company should have lost over $100 million in market cap. I think not!
Hey, it is a very COMMON practice to do business in China and other Asian countries! Now Deloite is a Western company, they do not understand it and want to interfere, so it got fired for "cultural differences"!
He does not have to show you anything! Deloite just did! Check the news! The accounting firm just issued a statement basically saying that .. EVERYTHING about the company DYP (cash, assets, income, equipments, .. ) IS VERIFIABLE and ready to file for 10K , EXCEPT for the $4M US expense to some vendors/distributors that the company Audit Committee does not want to disclose details as to who, and why this money was paid!