Ep 109: Two Accounting Scandals in China in One Week Burn Investors

What’s going on here? China’s second accounting scandal in less than a week is underscoring concern over lax corporate governance at some of the country’s fastest-growing companies. TAL Education Group, a tutoring business, delivered the latest bombshell after a routine internal audit found an employee had inflated sales by forging contracts.  Forgery is usually considered…