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Orient Paper, Inc. Message Board

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  • seasaw6499 seasaw6499 Oct 25, 2010 6:39 PM Flag

    Put Lipstick on This Pig and Continue to Perpetrate This Fraud?

    reputable to who? You? They were the gang who couldn't shoot straight in their PCAOB audit. Or did you not even know that the accounting firms got auditied? And, the U.S. Deloitte is not even the Deloitte you are talking about. You are talking about some independent firm that gets to use the name Deloitte by being part of an affiliation of independent firms who use the name. Deloitte claims the firms are independent, they have no responsibility or liabilty for them. Or did you never bother to go to Deloitte's website and figure that out?

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    • This wins my award for the most preposterously uninformed post of the month. I competed against DT for over 30 years, and still have the utmost respect for them. While some firms are loosely organized around the world, none of the Big 4 firms are. DT audits in China are performed under the identical methodology employed in the US. I know this from first hand knowledge, having reviewed DT workpapers in various countries. Investors in ONP can be certain that the work performed by DT has been done in accordance with firm policy, and that it has been intensely scrutinized by the firm's top risk management partners. No stones are left unturned by auditing firms when there are allegations of fraud. Believe me, ONP has gone through an incredibly painful audit process the past 3 months, and appears to have passed with flying colors.

      Unfortunately for you, Seasaw, the truth and what you would like the truth to be are miles apart here.

      • 3 Replies to phillydog04
      • How ignorant can you be? Of course you didn't compete successfully with them, you clearly couldn't compete successfully with a 10 year old.
        First, you ignored Deloitte's disastrous results on the PCAOB audit.
        Second, straight from Deloitte's website, showing Deloite LLP in the U.S. is a different and separate entity from Deloitte Tohmatsu (DTL):

        Deloitte” is the brand under which tens of thousands of dedicated professionals in independent firms throughout the world collaborate to provide audit, consulting, financial advisory, risk management and tax services to selected clients. These firms are members of Deloitte Touche Tohmatsu Limited (DTTL), a UK private company limited by guarantee. Each member firm provides services in a particular geographic area and is subject to the laws and professional regulations of the particular country or countries in which it operates. DTTL does not itself provide services to clients. DTTL and each DTTL member firm are separate and distinct legal entities, which cannot obligate each other. DTTL and each DTTL member firm are liable only for their own acts or omissions and not those of each other. Each DTTL member firm is structured differently in accordance with national laws, regulations, customary practice, and other factors, and may secure the provision of professional services in its territory through subsidiaries, affiliates and/or other entities.
        In the United States, Deloitte LLP is the member firm of DTTL. Like DTTL, Deloitte LLP does not provide services to clients. Instead, services are primarily provided by the subsidiaries of Deloitte LLP, including:
        • Deloitte & Touche LLP
        • Deloitte Consulting LLP
        • Deloitte Financial Advisory Services LLP
        • Deloitte Tax LLP
        Deloitte LLP helps coordinate the activities of these subsidiaries. Deloitte LLP and these subsidiaries are separate and distinct legal entities. Each of these subsidiaries is organized under Delaware law, is separately capitalized, has its own Chairman and CEO and Board of Directors, and provides a distinct array of services.

        You shouldn't get into a battle of knowledge with me, as you are completely unarmed. I don't believe for a second you are an accountant or know anything about accounting. If I am wrong, you fall right into the category of crooked or lying accoutants.

      • I post the truth, you post of bunch of baloney.

      • Game on!
        Short covering will give us 10 points!

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