NEW YORK ( TheStreet) -- Orient Paper (ONP - Get Report), a small Chinese paper producer that ran through a gauntlet of fraud accusations last year, said late Wednesday that its 2008 financial results were audited by a firm that didn't have an accounting license.In an 8-K regulatory filing and in a press release, Orient Paper said it was unaware of the problem until recently. Called the Davis Accounting Group, the Cedar City, Utah-based audit firm was supposed to be licensed by its home state, but its license lapsed in September 2008 and was formally revoked as of November last year. "During the time when Davis Accounting was retained by the Company, Davis Accounting represented that it was in good standing," Orient Paper said in its press release.
Orient Paper: Ex-Auditor Forces 2008 Re-Audit
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