The US Securities and Exchange Commission
(SEC) has asked a federal judge to temporarily halt proceedings to
obtain Deloitte China’s audit documents.

The SEC said it is hoping to settle the
dispute through an agreement with the Chinese regulators

The SEC charged Deloitte’s Chinese member firm
with ‘wilfully’ violating the Sarbanes-Oxley Act and the Securities
Exchange Act of 1934 by failing to provide audit work papers in

Deloitte China is prevented by Chinese law
from handing over the paperwork of a Chinese company to a foreign

The SEC launched administrative action against
the firm after several unsuccessful attempts to obtain documents
believed to be related to the audit of Longtop Financial