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The SEC's New Auditing Policies Spell Trouble for Chinese Firms


The SEC's New Auditing Policies Spell Trouble for Chinese Firms

The U.S. Securities and Exchange Commission (SEC) is considering a new standard to disqualify audit work conducted by accounting firms ...

U.S. SEC warns against switching auditors to avoid Chinese ...

U.S. accounting firms that agree to lead audits of New York-listed Chinese and Hong Kong companies looking to avoid potential trading bans ...

U.S. and China Sign Historic Agreement on Audit Firm Supervision

The U.S. Public Company Accounting Oversight Board (PCAOB) on Aug. 26, 2022, finally signed an agreement with Chinese authorities that will ...

SEC Pursues Plan Requiring Chinese Firms to Use Auditors ...

The details for such “co-audits” would need to be spelled out in a regulation. The SEC would have to address obstacles to such arrangements, ...

New Law to Deny Chinese Firms Access to U.S. Capital Markets

The new law requires foreign companies and their auditors to grant access to PCAOB inspections or else be prohibited from trading on US stock exchanges or over ...

Congress clears bill to ban trading in Chinese firms that thwart U.S. ...

Congress also directed that the SEC rules require new disclosures from these companies, including whether they are under government control ...

China – Page 233 - The Diplomat

The SEC's New Auditing Policies Spell Trouble for Chinese Firms. By Blair Wang. The new rule will probably accelerate delisting from U.S. exchanges and ...

Audits of Chinese Companies Are Highly Deficient, U.S. Regulator ...

The Public Company Accounting Oversight Board found significant auditing deficiencies in its first ever set of inspections in China and Hong Kong.

The accounting crisis everybody seems to ignore, and the regulator ...

In 2018, the SEC found that former PCAOB officials had leaked confidential inspection information to audit firm KPMG in order to allegedly help ...

U.S. SEC mandates Chinese companies detail ownership structure ...

Unlike many countries, China has not allowed the SEC's accounting body, the Public Company Accounting Oversight Board, to inspect its auditors, ...

Deloitte's Chinese Affiliate to Pay $20 Million Penalty for Asking ...

The SEC order finds that, in the course of numerous audits, Deloitte-China personnel asked clients to select their own samples for testing and ...

China's likely strictures on foreign auditors jolt US - Nikkei Asia

The rules would bar overseas consultancies from sending staff to Chinese companies that plan to list abroad. They will only be allowed to ...

SEC bans accounting firms for 'botched' Chinese audits

US regulators have barred two accountancy firms from performing future audit work after finding their reviews of Chinese companies listed in ...

Public Company Accounting Oversight Board - The New York Times

A fight between the United States and China over audit standards could lead to the delisting of many Chinese companies traded on American stock exchanges. By ...

Report - SEC.gov

Given the current regulatory environment in the PRC, we are still subject to the uncertainty of different interpretation and enforcement of the rules and ...

Auditors Sharpen Queries In China - MaloneBailey

Problems with bank "confirmation"—the process by which an auditor checks with a company's bank to verify its balances—have arisen in about ...

US Audit Breakthrough May Prevent Chinese Company Delistings

The US Public Company Accounting Oversight Board (PCAOB) has successfully gained access to the audit records of Chinese companies listed in the US.

Chinese Issuers See Progress on US Audit Issue and HKEX ...

Progress on U.S. audit inspections will help China-based companies, as will liberalization of HKEX rules. But China is more closely ...

findings of the investigation into china's acts, policies, and practices ...

886 G.M. Sells Parts Maker to a Chinese Company, NEW YORK TIMES, Nov. ... Chinese government targeting U.S. companies remains a serious problem.

Does ARGA (the new UK accounting regulator) spell trouble for ...

Two years ago, I suggested that a House of Commons Select Committee report spelled trouble for company directors and potential joy for the ...