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China Changes Policy: US Auditors Can Examine US-Listed China Companies

publication date: Apr 4, 2022

China plans to furnish US auditors with full access to the financial records of China companies that have US listings. The change seems to solve a looming crisis between the two countries, as the US is currently threatening to de-list all China companies that closed their financial documents to US auditors. The revised regulation will allow scrutiny of China-based companies’ books, while detailing how to handle national security information, which will remain protected. The new policy was announced over the weekend in a draft published on the website of the China Securities Regulatory Commission. More details....

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