Posts Tagged ‘accounting’

Longtop’s CFO Quits As Chinese Software Company’s Auditor Resigns

In the middle of flak concerning alleged securities fraud, Chinese financial services software firm Longtop Financial Technologies Limited announced that its chief financial officer, Derek Palaschuk, who was previously CFO at Chinese Internet firms Sohu.com and eLong.com, has resigned. Palaschuk, a Canadian working for the southern Chinese software company since around the time of its […]


LehmanBrown International Accountants launches Graduate Recruitment Program 2010

Beijing, China (April 13, 2010) /ChinaNewswire.com/ — LehmanBrown International Accountants today kicked off its 2010 Graduate Recruitment Program with a series of Campus Recruitment Talks, held in-conjunction with the Association of Chartered Certified Accountants (ACCA), one of the largest professional accounting bodies in the world. The Graduate Recruitment Program is run nationwide with […]


Chinese Airline Boosting Business With Online Payments

Chinese budget air carrier Lucky Air has signed a partnership agreement with China’s third-party payment platform YeePay.com for air ticket distribution to both businesses and consumers in mainland China.


Gome Hires Ernst & Young For Financial Audit In China

Hoping to bolster investor and supplier confidence, Chinese electronics retail giant Gome has hired the Ernst & Young Hong Kong office as an independent external accounting division to check Gome’s financial conditions as of November 30, 2008.


Tax Man Cometh: Beijing Launches Rules For Online Currency Transactions

Beijing Local Taxation Bureau has published tax collection rules for virtual and online currency transactions, which state that according to whether the individuals can provide income proof or not, they should pay tax at 20% of their profits or 3% of the total value of the transactions.


Bad Address Leads To PacificNet Nasdaq Distress

Nasdaq has told PacificNet (PACT.PK) that as a result of the resignation of one of the company’s directors, PacificNet is no longer in compliance with the independent director requirement of Rule 4350 of Nasdaq’s Marketplace Rules.