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Hongwei Technologies Special Audit Report
Missing bank balances, soft-copy templates of bank statements and tax invoices found on computers, advance payments (for imaginary goods and services supplied) to interested parties…. The special audit report of Hongwei Technologies below read just like a CSI report on how to commit fraud. Hongwei Technologies Special Audit Report
S-Chips Scandal Again!
It seems that the Singapore listed China companies (or S-Chips) are back in the limelight again. Two firms, China Hongxing and polyester fibre manufacturer Hongwei Technologies have been suspended from trading due to accounting irregularities. For China Hongxing, irregularities have been found in the cash and bank balances, accounts receivables, accounts payables and other expenses […]