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US PCAOB: Multinationals Stay in China to let China Cover up their Accounting Fraud and Manipulate Consolidated Financial Statements

 According to the records of US PCAOB , China helped Elon Musk to cover up accounting fraud and staying in China could help Tesla manipulate consolidated financial statements by blocking PCAOB's access to auditor working papers in China. Numbers in the consolidated financial statements=numbers in the parent company's financial statements+numbers in the subsidiaries' financial statements+adjustments-cancellations of inside related party transactions. PricewaterhouseCoopers Zhong Tian LLP (1424) – China's working papers on TESLA, INC. CIK (0001318605) have been denied access of US PCAOB for three consecutive years from 2018 to 2020. The auditor's papers on Emerson's China business from 2017 to 2021 for 5 consecutive years have not been inspected by the PCAOB of the United States. As the US PCAOB cannot check the audit papers of the China and Hong Kong branches of the four major international accounting firms, the audit issues of the China and Hong Kong branches o...

China recognizes Taiwan as an independent country in essence and it's non sense for Chinese unifying Taiwan

China bans Taiwan websites ending with .tw. I have tried to visit Taiwan websites from China. China bans free exchange of Chinese Yuan with Taiwan dollars. China regards those living or companies in Taiwan as non-residents for tax purposes. China uses different characters from Taiwanese in spite of some Taiwanese words being used for writing checks or bills of exchange. China blocks US PCAOB's access of audit documentation related to US listed companies with operation in China. Taiwan doesn't block US PCAOB's access of audit documentation related to US listed companies with operation in China, Hong Kong and Taiwan.  Listed companies on Chinese stock exchange doesn't adopt International Financial Reporting Standards (IFRS). Listed companies on Taipei Exchange adopt IFRS (translated from English after alternatives reduction). In the Chinese Accounting Standards for Business Enterprises, said by China in convergent with IFRS, China intentionally didn't define enterpris...

9 December 2021 Covid19 is related to military bioweapon program of China; Genocide was Held to Be True by UK Tribunal and condemned by US Congress and Cash Flow to China was Cut off

  (Picture source: Daily Mail) Daily Signal: EXCLUSIVE: Chinese Virologist Says Communist Regime Targeted Her for Exposing COVID-19 Origin BARRON: UYGHUR TRIBUNAL concluded that, despite the absence of large-scale mass killing, the People’s Republic of China has committed genocide on the ground of Article 2d of the UN General Convention US Congress: Condemning the ongoing genocide and crimes against humanity being committed against Uyghurs and members of other religious and ethnic minority groups by the People's Republic of China. BBC: China's detention camps: Held in chains for using WhatsApp Financial Times: US to blacklist Chinese AI company SenseTime over Xinjiang ahead of IPO Financial Times: Bitcoin mining nears record pace as industry shrugs off China clampdown Financial Times: ‘Essentially dead’: China closes off foreign investors’ route into tech deals   Le Canard républicain:  Japan Health Ministry issues warning of potential heart problems fro...

The original cause of global disparity

  The problem may lie in China which is a communist state and disregards basic human rights. China is admitted to WTO in 2001 and runs economy on the model of 996 as mentioned here by a Shanghainese to suppress Chinese wages income and exportation price in the overseas markets destroying foreign private businesses by which China exported the disparity and corruption of the de facto communist system to other countries. Previously China robbed Chinese peasants with heavy agriculture tax without any personal allowance, an also very unfair economy system. As a result, great famine and Tiananmen Square democracy protest occurred respectively in late 1950s and 1989. The generations of parents don't have to face the expansion of China communist plague via WTO. Do you have the impression about why 2008 financial crises happened? Not just because of accounting fraud. Basic reason is that after China entry into WTO in 2001 exploited Americans' wages aren't able to afford too expensiv...