A BDO USA survey has indicated that investment bankers are increasing their due diligence related to Chinese based offerings due to Chinese accounting scandals in recent years. Expanded efforts have been reported when reviewing internal controls over financial reporting and corporate governance structure. The survey also found that nearly half of those investment bankers surveyed predict a decrease in the number of Chinese based offerings in 2012 on U.S. exchanges. To read the full article and survey results on accountingtoday.com, follow the link listed below.

http://www.accountingtoday.com/news/Chinese-Accounting-Scandals-Dampen-IPO-Market-61428-1.html