I wonder if Mr. Cheng is aware of the fact that shortly before Christmas, then-New York Attorney General Andrew Cuomo sued the accounting giant Ernst & Young for assisting Lehman Brothers in its book-cooking scheme? This kind of thing has become so routine, and the Big Four firms' reputations are so frequently besmirched, that it only received modest attention.
The bottom line is that Chinese small-caps are ridiculously risky, and would be even if there weren't such a stench surrounding their accounting. Buying their stocks is an exercise in ignorance. Confucius said, "Ignorance is the night of the mind, but a night without moon and star."
I'd take Confucius (and a good international index fund) over Deloitte any day.