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Tag: delisting

Audit Failures Lead to SEC Action Against Deloitte-China

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

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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Auditing Showdown with China Nearing a Conclusion?

Remember the Holding Foreign Companies Accountable Act? Securities and Exchange Commission Chair Gary Gensler warned the world last year that the law, which took effect at the end of 2020, could start causing problems in the United States f...

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Public Company Accounting Oversight Board Moves to Investigate Foreign Auditors

Earlier this month, Securities and Exchange Commission Chair Gary Gensler fired a warning shot at China-connected companies. In a Wall Street Journal op-ed, the head of the regulatory agency warned that by early 2024, it may need to prohibi...

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NYSE Caught in Political Fight Over China

NYSE Caught in Political Fight Over China

NYSE Caught in Political Fight Over China

If you don’t like the New York Stock Exchange’s policy toward China’s state-run telecoms, just wait. It could change at any moment. The NYSE said last week it will delist China Unicom, China Telecom and China Mobile. But that announcement c...

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