Washington, Beijing Make Progress on Inspection of Chinese Audit Firms

Washington, Beijing Make Progress on Inspection of Chinese Audit Firms

U.S. and Chinese regulators have made significant progress toward working out a way for the U.S. to inspect the work of Chinese audit firms, and the first such inspection is expected before the end of the year, the chairman of the U.S. audit-industry …
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China and US reach deal on audit firm inspections

Under US rules, all firms that audit US-listed companies have to undergo mandatory inspection by the board. However, there has been a long-running dispute between China and the US over access to the 47 Chinese firms registered with the PCAOB, which …
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Washington, Beijing Make Progress on Inspection of Chinese Audit Firms