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

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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Sarbanes-Oxley Turns 20

Audiences were packing multiplexes across the country to see “Spider-Man” – the Tobey Maguire one, not Tom Holland’s subsequent version. Temperatures were rising outside and in the dance clubs, courtesy of rapper Nelly and his chart-topping...

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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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