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Tag: China

FINE Blocks logo with Deloitte partnership

Audit Failures Lead to SEC Action Against Deloitte-China

FINE Blocks logo with Deloitte partnership

Some auditors in the Chinese affiliate of Big Four accounting firm Deloitte have apparently been taking a unique approach to their work. Rather than evaluating their clients’ financial reporting, they let the clients audit themselves, accor...

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Traditional computing via abacus meets corporate accountability

U.S. and China Finally Have an Audit Agreement, or Do They?

Traditional computing via abacus meets corporate accountability

If you’re confused about where things stand in the squabble between U.S. regulators and Chinese authorities over auditing standards, you’re probably not alone. About a year ago, Securities and Exchange Commission Chair Gary Gensler sounded...

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Frosted leaf symbolizing frozen accountability for foreign companies

Chinese Companies Delist from U.S. Exchange as Audit Conflict Persists

Frosted leaf symbolizing frozen accountability for foreign companies

Hundreds of thousands of people from the United States travel to Taiwan in any given year, according to the island nation’s tourism bureau. For the average U.S. tourist, a stopover there during a tour of Asian countries wouldn’t seem unusua...

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Wide shot of a cargo ship at sea, friend shoring

Yellen Sees Friend-Shoring as Supply-Chain Fortifier

Wide shot of a cargo ship at sea, friend shoring

“Friend-shoring.” No, it’s not a spinoff of the classic sitcom that entertained television audiences for 10 seasons – and still exists on digital platforms – with scenes from six twentysomethings’ comedic mishaps and romantic entanglements....

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Conflict minerals shipped in cargo container

U.S. Enacts Import Law to Sanction China Over Abuses of Uyghurs

Conflict minerals shipped in cargo container

In the wake of the COVID-19 pandemic, consumers continue to encounter empty store shelves amid ongoing stresses on the supply chain of products and raw materials. The disruptions haven’t stopped the U.S. government from adding new pressure...

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