????（順便說一句，我很同情那些將資金放在一家啟用中國小型會(huì)計(jì)師事務(wù)所的交易經(jīng)紀(jì)商那里的投資者）。

????在美國上市公司會(huì)計(jì)監(jiān)管委員會(huì)注冊公司列表中發(fā)現(xiàn)的另一樁有趣的事是畢馬威華振（KPMG Huazhen）報(bào)告稱，它沒有發(fā)布過審計(jì)報(bào)告，但在至少一家發(fā)行人的審計(jì)中擔(dān)任過關(guān)鍵角色。畢馬威香港在美國上市公司會(huì)計(jì)監(jiān)管委員會(huì)的注冊狀態(tài)顯示為發(fā)布發(fā)行人審計(jì)報(bào)告?？纯串咇R威中國客戶的審計(jì)報(bào)告，這些說法是準(zhǔn)確的。所有的審計(jì)報(bào)告都由畢馬威香港簽署。這種做法帶來兩個(gè)問題。第一，如果畢馬威香港是真正發(fā)布審計(jì)報(bào)告者，美國證券交易委員會(huì)為什么問責(zé)畢馬威華振？這個(gè)問題的答案可能是畢馬威華振做了所有的工作，掌握著美國證券交易委員會(huì)想要查看的工作文件。第二個(gè)問題是畢馬威香港如何能在不是自己承擔(dān)審計(jì)的審計(jì)報(bào)告上簽字？

????由中國內(nèi)地事務(wù)所承擔(dān)審計(jì)工作、香港事務(wù)所簽署審計(jì)報(bào)告已是香港的通行做法。在香港上市的大多數(shù)紅籌股都是這樣做的。H股過去也這樣做，但現(xiàn)在H股發(fā)布的審計(jì)報(bào)告大多已改由內(nèi)地關(guān)聯(lián)事務(wù)所簽字。由于標(biāo)準(zhǔn)稅務(wù)（Standard Water）IPO失敗后香港監(jiān)管機(jī)構(gòu)無法取得安永（Ernst & Young）的審計(jì)工作文件，香港會(huì)計(jì)師事務(wù)所將審計(jì)工作外包、只負(fù)責(zé)簽字的做法正在受到抨擊。安永的辯解是，審計(jì)工作是由中國內(nèi)地的附屬事務(wù)所進(jìn)行的，根據(jù)中國法律，它無法公布工作文件。這樁訴訟正在香港法院推進(jìn)，與美國證券交易委員會(huì)起訴會(huì)計(jì)師事務(wù)所一案驚人的相似。

????譯者：早稻米

????(By the way, I pity the investor who has money with a broker-dealer who uses a small Chinese accounting firm).

????Another interesting finding in the PCAOB list of registered firms is that KPMG Huazhen reports that it issued no audit reports but played a substantial role in the audit of at least one issuer. KPMG Hong Kong is registered with the PCAOB as issuing reports on issuers. A check of the audit reports of KPMG clients in China showed this to be accurate. KPMG Hong Kong signs all the audit reports. That raises two questions. First, why was KPMG Huazhen charged by the SEC, if KPMG in Hong Kong actually issues the reports? The answer to that question may be that KPMG Huazhen does all the work and has the working papers that the SEC wants to see. That leads to the second question, how does KPMG in Hong Kong sign the audit report if it does not do the audit?

????The signing of audit reports by the Hong Kong firm when the mainland firm does the work is a common practice in Hong Kong. Most of the red chips listed in Hong Kong are done this way. H-shares used to be done the same way, although most now have reports signed by the mainland affiliate. The practice of Hong Kong accountants signing reports when they outsource all the audit work is under attack after Hong Kong regulators were unable to get audit working papers from Ernst & Young on failed IPO Standard Water. Ernst & Young’s defense was that the work was done by its mainland affiliate, which could not release the working papers under Chinese law. That case is working its way through the Hong Kong courts and is virtually identical to the SEC case against the firms.