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PCAOB sanctions three Chinese firms, including PwC affiliates accountingtoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from accountingtoday.com Daily Mail and Mail on Sunday newspapers.
Endowus Private Wealth Expands Alternative Investment Offerings -Asian Wealth Management and Asian Private Banking hubbis.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hubbis.com Daily Mail and Mail on Sunday newspapers.
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. ....
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… ....