Carson Block’s Op-Ed in the WSJ on “China’s Auditing Train Wreck” Read the full Op-Ed at the following link: http://online.wsj.com/article/SB10001424052702304746604577381630586235646.html Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)MoreClick to print (Opens in new window)Click to email this to a friend (Opens in new window)Click to share on Google+ (Opens in new window)Click to share on Tumblr (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window) PreviousNext Carson Block Interviewed on China Business Network May 3, 2012 Filed in: In the News 3 Responses to Carson Block’s Op-Ed in the WSJ on “China’s Auditing Train Wreck” of last year, Muddy Waters issued a research report on Spreadtrum Communications, a Shanghai-based designer for wireless communications chips. Muddy Waters reported that it expected “a high risk of material misstatements” in Spreadtrum’s financial reporting, citing a six-fold surge in inventory in 2010. Muddy Waters also questioned why then Chief Executive Officer Ping Wu and Chief Financial Officer Richard Wei left the company months before it reported 137% revenue growth in the third quarter of 2009 over the previous quarter. The company’s shares tumbled as much as 34% in the first day after the report was released. However, Spreadtrum’s stock price is now trading at $14.11 — up 5% from the day before the Muddy Waters report was released. Reply But he said he would continue to publish his research. He says he believes investors and auditors need to understand how businesses operate in China. Reply Didn’t realize they stopped allowing outside investors to look at the SAIC filings. Curious. The link you have listed on your site is wrong. If you click on the link to “http://online.wsj.com/article/SB10001424052702304746604577381630586235646.html” it takes you to “http://online.wsj.com/article/SB10001424052702304746604577381630586235646.htmlhttp://” — that extra “http://” needs to be removed. Reply Leave a Reply Cancel reply Comment You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong> Name (required) Email (required) Website Your email address will not be published.