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Huawei is (essentially) a state-owned company - I don't think they are calculating revenue using external auditor and comply with GAAP. It is not comparable wi
by ktln2 7y ago
Huawei is (essentially) a state-owned company - I don't think they are calculating revenue using external auditor and comply with GAAP. It is not comparable with any publicly traded companies.
- bigpumpkin 7y agoThis is false. KPMG audits Huawei's financial statements, and the financial statements are prepared in accordance to IFRS.
- atlasunshrugged 7y agoI've heard about quite a few times KPMG has worked hand in hand with the people it was supposed to be auditing so I'm not sure that's a big plus (ex. S. Africa scandals)
- Iwan-Zotow 7y ago1. They use external auditor - KPMG. "KPMG has been Huawei's independent auditor since 2000". 2. "and comply with GAAP" - they don't. Accounting in China is IFRS based, as far as I know.