Category Archives: Acounting Firms

China Cablecom announced going concern qualification

China Cablecom Holdings, Ltd., a BVI-registered and China-based cable network operator, made an announcement that the audit report of its independent accounting firm, UHY Advisors Inc., included in the BVI company’s Annual Report filed with the Securities and Exchange Commission on July 15, 2009, contained a going concern qualification. The issues of the audit report were the consolidated financial statements for the fiscal years 2008 and 2007, the related consolidated statements of operations and comprehensive loss, changes in stockholders’ equity and cash flows for 2008 and 2007.

China Cablecom announced going concern qualification in compliance with Nasdaq rules which require public disclosure of the receipt of an audit opinion containing a going concern qualification.
The announcement of the BVI company does not change or amend its financial statements for the year 2008.

This announcement does not represent any change or amendment to the company’s financial statements for the year ended December 31, 2008.

Qiao Xing Universal to change its independent Registered Public Accounting Firm

BVI-registered company Qiao Xing Universal Telephone, Inc., manufacturing and distributing telecommunications terminal products, operating in China, announced that on January 8, 2009 it was notified of the personnel of Grobstein Horwath & Company LLP (GHC) having joined with Crowe Horwath LLP, effective December 8, 2008.

As a result, GHC was resigned as the independent registered public accounting firm for the BVI company. Crowe was appointed by Qiao Xing as its new independent registered public accounting firm, and the decision to engage Crowe was approved by the board of directors on January 16, 2009.