WASHINGTON, D.C.: US inspectors announced fines against China-based firms on Thursday as part of a broader effort to hold US-listed Chinese companies up to American auditing standards amid simmering geopolitical tensions.
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The U.S. Public Company Accounting Oversight Board fined three Chinese firms and four people affiliated with them $7.9 million Thursday for allegedly violating U.S. securities laws and other misconduct.
The U.S. Public Company Accounting Oversight Board fined three Chinese firms and four people affiliated with them $7.9 million Thursday for allegedly violating U.S. securities laws and other misconduct.
U.S. securities regulators levied fines totaling more than $7 million against three China-based auditors for a variety of offenses including issuing a false.