US-China accounting war: SEC adds Baidu, Futu and three more to list of companies liable under audit oversight law

Source: Tech – South China Morning PostThe Securities and Exchange Commission (SEC) has added five New York-listed stocks to its latest list of companies liable under a US auditing oversight law, including four Chinese internet companies. Futu Holdings Limited, iQiyi and Baidu are among the latest names identified under the Holding Foreign Companies Accountable Act (HFCAA), according to a March 30 statement by the SEC. Also on the list is Nocera, an agricultural services company based in Atlanta, and CASI Pharmaceuticals, which…Read More

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