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US and China Reach Agreement to Audit Chinese Companies Listed on US Exchanges | Perspectives & Events

On August 26, the Public Company Accountability Board (“PCAOB”), the China Securities Regulatory Commission, and the Ministry of Finance of the People’s Republic of China signed a Statement of Protocol Agreement (“Protocol Agreement”) that provides a framework for the P...
Hong Kong Gary Gensler Holding Foreign Companies Accountable Act Us Securities Exchange Commission Exchange Commission China Securities Regulatory Commission

US-China Auditing Oversight Agreement Signals Cooperation Between Nations but Could Lead to Increased Enforcement Risk – Publications

Due to a recent agreement between the Public Company Accounting Oversight Board and Chinese securities regulators, many US exchangeโ€“listed companies audited by accounting firms based in mainland China and Hong Kong may be able to continue trading on US exchanges, preserving liquidity for investors and ongoing access to US capital markets. However, this agreement could lead to an increased enforcement risk through more regulatory inquiries.
United States Hong Kong Ericay Williams Gary Gensler Us Department Of Justice Exchange Commission

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