Houston, TX, March 3, 2011 – MaloneBailey, LLP, a market leading, public accounting firm based in Houston, Texas, ranks number four among the largest auditors of Chinese-based SEC registrant companies with 18 registrants according to an analysis by Audit Analytics in the February 18, 2011 edition of Accounting News Report. The Audit Analytics analysis is based on registrant filings.
According to the analysis, MaloneBailey precedes Big Four firms, KPMG and Ernst & Young, and follows Deloitte & Touche and PricewaterhouseCoopers.
George Qin, CPA, CMA, MBA, Audit Partner at MaloneBailey, states that “the success of our SEC practice in China is directly linked to an unwavering commitment to quality and client service. Our staff, who possess the language, cultural, and technical expertise to effectively serve clients in China, demonstrate on daily basis a commitment to these fundamental principles.”
MaloneBailey, with offices in New York, Shenzhen and Houston, specializes in audits of small and medium-sized public companies trading on United States stock exchanges. MaloneBailey is in elite company as one of only nine firms in the world that require an annual inspection by the Public Company Accounting Oversight Board (PCAOB); all other firms are inspected every three years. The Sarbanes-Oxley Act requires the PCAOB to conduct annual inspections for firms that regularly provide audit reports for more than 100 issuers.
Qin is scheduled to speak at DealFlow Media’s 2011 IPO Conference in Beijing on April 12-13 on the topic of accounting and auditing issues for Chinese companies going public in the United States. The conference focuses on global IPOs, alternative public offerings and late-stage financing opportunities.
“As a market leader serving SEC clients in China, we are in a position to share our knowledge and experience when it comes to the intricacies and complex issues facing Chinese companies that are public or are going public in the U.S.,” said Qin. He added, “I look forward to sharing my insights at the IPO Conference on common issues we encounter doing Chinese company audits and what factors Chinese companies should consider for selecting auditors.”
Qin, a native of China and bilingual in both English and Mandarin, holds a CPA, CMA, and MBA. Qin leads MaloneBailey’s SEC Audit Practice in China. He earned his Bachelor of Science degree from Tianjin University in Tianjin, China and his Master of Business Administration degree from Stephen F. Austin State University in Nacogdoches, Texas.
MaloneBailey, LLP, with offices in New York, Houston and Shenzhen, is a mid-market, public accounting firm that delivers audit and tax services to small and middle market companies, both public and private. The firm is a market leader in the delivery of SEC audit services to small and mid-cap publicly traded clients. For more information about MaloneBailey, visit www.malonebailey.com.
Accounting News Report, an accounting trade publication published on a weekly basis, provides accounting news as well an analysis of trends, practices and firms in the accounting profession. For more information about Accounting News Report, visit www.accountingnewsreport.com.
Audit Analytics, a public company intelligence service available from the Ives Group Inc, provides research focused on the accounting, insurance, regulatory, legal and investment communities. Research is available on more than 20,000 public companies and more than 1,500 accounting firms. For more information about Audit Analytics, visit www.auditanalytics.com.