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Chinese Companies Switch Auditors To Avoid Delisting | Global Finance Magazine

The decision to switch most likely stems from a US law stating that Chinese companies can be delisted if their auditing firms do not comply with US accounting standards. ....

Hong Kong , United States , Pwc Hong Kong , China Securities Regulatory Commission , Public Company Accounting Oversight Board , Holding Foreign Companies Accountable Act , Nikkei Asia , Pwc Hong , Chinese Companies ,

PCAOB releases 2022 Inspection Reports for Mainland China, Hong Kong audit firms

The PCAOB chair comments following the the release of inspection reports for 2 firms inspected in 2022, based in Mainland China and Hong Kong. ....

Hong Kong , Pwc Hong Kong , Erica Williams , Public Company Accounting Oversight Board , Us Congress , Holding Foreign Companies Accountable Act , Pwc Hong ,

Chinese companies offset US delisting risk with auditor switch

More than a dozen US-listed Chinese companies have switched from auditors in their home country to ones in the US and Singapore since 2022, reducing the risk they could be thrown off American exchanges, reports the Financial Times. Under a 2020 law called the Holding Foreign Companies Accountable Act (HFCAA), Chinese companies can be delisted… ....

Hong Kong , United States , Pwc Hong Kong , Holding Foreign Companies Accountable Act , Public Company Accounting Oversight Board , Pwc Hong ,