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Deloitte, Ernst & Young apparently botched Caterpillar's China due diligence

Cecilia Jamasmie | January 25, 2013 | 4:57 pm Energy China Europe Coal 

Deloitte Touche and Ernst & Young were two of the accounting companies that conducted due diligence for Caterpillar’s (NYSE:CAT) $886 million purchase of ERA, the Chinese mining equipment maker that was later alleged to have accounting irregularities, reports FT.com (subs. required)....

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