Accounting Alibaba investigated by the US regulator – Magazine Saturday

Accounting Alibaba investigated by the US regulator

At the request of the US SEC, the Chinese listed have delivered several documents related to their operations. At issue are the accounting practices, and the regulator discards any certainty about irregularities.

May 25, 2016 • Business

By André Tank Jesus – Business Journal

the Securities and Exchange Commission (SEC) is investigating the accounting practices of Alibaba. The Financial Times quotes the annual report of the Chinese company, announced on 24 May, in which he explains that the regulator of the markets in the US required a series of documents related to their operations.
Quoted on the New York Stock Exchange since 2014 , Alibaba is subject to review by the SEC. In this context, the company’s lawyers led by Jack Ma (pictured) had to hand over related documents, for example, with accounting practices in the logistics business, the treatment of transactions with related companies and the reporting of operational data.
However, the company pointed out in the report, the US authorities explained that the request for information does not indicate that “there has been any violation of federal law of the assets.” The company’s shares reacted negatively this Wednesday, May 25. Here losing 5.65% to $ 76.535.

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