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  "documentTitle": "NQ Mobile (NQ)",
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  "authorName": "Carson C. Block",
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  "notes": "This slide argues that independent director committees are compromised and proposes an external audit of their investigative process.",
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      "text": "Muddy Waters, LLC hereby offers to engage, at our own expense, Plante & Moran PLLC, which is one of the largest accounting and consulting firms in the United States, to evaluate the investigation.",
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      "text": "As part of the evaluation process, Plante & Moran may evaluate the following items: Whether the special committee, Deloitte FAS, and Shearman & Sterling have the sufficient level of independence... Whether the scope of work... is relevant... Whether the roles... is appropriate.",
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      "text": "Write a report that evaluates whether the investigation adequately addresses the assertions in Muddy Waters's reports.",
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      "text": "One way that such investigations are often flawed is through limiting the scopes of work given to the outside investigating firms (in this case Deloitte FAS).",
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      "text": "Integrated Energy, China Medical Technologies, Duoyuan Global Water, Sino Clean Energy, and Silvercorp.",
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      "text": "Independent director committees are unable to investigate fraud allegations impartially. Even if the directors played no part in the fraud, confirming that a company is a fraud can be viewed as a professional embarrassment.",
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