That was based on staff survey's from 36 European countries, the Middle East, Africa, and India.
"In Spain, ranked alongside Russia and just below Nigeria and Slovenia, 61 percent of staff believed companies often exaggerated results, compared with only 7 percent in Finland.
And E&Y said the vast majority of managers from Norway to Nigeria and Russia to Greece were feeling the pressure to deliver a good financial performance over the next 12 months, despite little optimism that business conditions would improve."
So people are afraid of Chinese fraud while they're getting raped by everybody else. Talk about a red heinie... er herring.
Xin's auditor HM is going to be taking it from two courts. It is not worth it for E&Y to continue to let
HM do audits under their name. I can see E&Y kicking them to the curb if either of these cases doesn't go E&Y's way because they ultimately they are responsible for whomever uses their name.