The Public Company Accounting Oversight Board (“PCAOB”) announced on December 15, 2022 that it has secured complete access to inspect and investigate audit firms in mainland China and Hong Kong for the first time in history....more
12/22/2022
/ Audits ,
Capital Markets ,
China ,
China Securities Regulatory Commission (CSRC) ,
Corporate Governance ,
Delisting ,
Foreign Jurisdictions ,
Hong Kong ,
Listing Standards ,
PCAOB ,
Publicly-Traded Companies ,
Securities and Exchange Commission (SEC)
On August 26, 2022, the U.S. and Chinese governments reached a Statement of Protocol (“SOP”) Agreement regarding cooperation on inspecting the audit work papers of U.S.-listed Chinese companies. The SOP is the culmination of...more
In response to U.S. President Trump’s June 4 Memorandum calling for “firm, orderly action to end the Chinese practice of flouting American transparency requirements without negatively affecting American investors and...more
8/27/2020
/ Audits ,
Capital Markets ,
China ,
Cross-Border Transactions ,
Disclosure Requirements ,
Foreign Investment ,
Investor Protection ,
Listing Rules ,
PCAOB ,
Securities and Exchange Commission (SEC) ,
Transparency ,
Trump Administration ,
Working Groups