Following detailed fraud allegations from short sellers, Deloitte resigned from two major clients in China, China Media Express and Longtop Financial. Deloitte then became embroiled in a difficult battle between the Chinese government and the United States Securities and Exchange Commission over the issue of handing over audit papers to non-Chinese entities. Last year's resignations drew widespread criticism, having come at the 11 th hour and only after detailed fraud allegations were published by short sellers. However, this year, Deloitte appears to be taking a more proactive approach to cleaning up its portfolio of clients listed in Hong Kong, having already resigned from two Hong Kong listed Chinese companies. With the current audit season approaching its end, other Deloitte clients who will be in focus include ChinaCast Education (CAST), Focus Media (FMCN) and Qihoo 360 Technology (QIHU).