US ratchets up pressure on Chinese firms to share audits as failure to comply could lead to delistings from American bourses

Source: South China Morning PostA US accounting oversight board proposed a draft rule to speed the implementation of a Trump-era law that would force publicly traded Chinese companies to delist from American bourses in three years if they do not share their audits for review.The Public Company Accounting Oversight Board (PCAOB) said on Thursday that the rule change would provide a framework to determine whether local authorities inhibited its inspections of foreign accounting firms that audit US issuers. The public has until…Read More

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