U.S. gives failing marks to independent auditors of New York-listed Chinese companies
The accounting arm of the U.S. securities regulator found major problems with work done by two independent auditors for seven of eight Chinese companies it inspected Key Takeaways: The accounting…
U.S. Gives High Marks to First Inspections of New York-listed Chinese Companies
The U.S. securities regulator’s accounting arm said it obtained ‘complete access’ to companies it targeted under a landmark information-sharing agreement reached in AugustKey Takeaways:The PCAOB gave a positive review of…
Cloopen: A Clean Cloud, or Still Under Stormy Skies?
Cloud services provider’s investigation confirms revenue inflation last year, while separate, but similar, investigation by retailer Miniso finds no evidence of misleading claims involving its franchise model Key Takeaways: An…
China, U.S. Stock Regulators Hope New Agreement Will Succeed Where Others Haven’t
New information-sharing deal will give U.S. accounting regulator access to audit records for New York-listed Chinese firms. But will it really get what it wants? Key Takeaways: Having reached a…
FAST NEWS: U.S. Warns of ‘Significant Issues,’ ‘Time Running Out’ to Reach Securities Deal With China
The latest: Despite recent progress in negotiations for an information-sharing agreement between U.S. and Chinese securities regulators, “significant issues remain and time is quickly running out” to reach such an…
FAST NEWS: Are They or Aren’t They? Conflicting Word on U.S. Securities Regulators in Beijing
The latest: Reuters reported on Friday that U.S. securities officials were in Beijing for discussions on an information-sharing agreement with their Chinese counterparts. But later the U.S. Public Company Accounting…
New Beijing Signals Reinforce China’s Intent to Reopen U.S. IPO Pipeline
The latest comments from top securities regulators follow the late December release of new regulations governing offshore listings by Chinese companies Key Takeaways: China Securities Regulatory Commission Chairman Yi Huiman…
