NQ Audit Finds No Fraud, Though Some Controls ‘Lax’

By | June 4, 2014

Scalper1 News

Chinese mobile-security firm NQ Mobile (NQ) says an independent audit has found that publicly reported financials have been “verifiable and consistent” with actual cash balances and revenue. The long-awaited report from a team of independent auditors is in response to a series of negative reports released by Muddy Waters, a U.S. short-selling firm, starting in October 2013. Muddy Waters alleges that NQ Mobile operates akin to a shell game, Scalper1 News

Scalper1 News