September 08, 2011
David Bukzin, Assurance Services Partner, Quoted in the Long Island Business News Article "Chinese Firms on U.S. Exchanges Face Fraud Charges"
By Claude Solnik
In the article, Mr. Bukzin comments on the slowed pace of Chinese firms going public in the United States.
“I don’t want to say it stopped 100 percent,” said David Bukzin. “With all the accounting fraud, proven and alleged, combined with skittish investors, it shut it down pretty much.”
Additionally, Mr. Bukzin said, “We’ve been signing up new clients that need a higher-quality accounting firm that the investment banking community can feel comfortable with.” “Because a lot of this is focusing on accounting issues and allegations of fraud, there’s been a push to increase the quality of auditing of firms in China.”