On April 2, shares of Deloitte client ChinaCast Education (CAST) were halted by the NASDAQ following a request for further information from the company. ChinaCast has been the subject of numerous allegations of fraud and has witnessed a volatile internal power struggle among management and board members. A suspension of trading never bodes well for the share price of a company, particularly for embattled Chinese small caps and it remains to be seen what course of action will be taken by Deloitte. The question most investors are asking is why action by Deloitte didn't occur prior to the suspension of trading by the NASDAQ. Presumably Deloitte should have had a much clearer picture of the company than the NASDAQ.