Regulators are discussing the logistical and operational details for a new mechanism that will enable the PCAOB to visit China for audit inspections.
May 4, 2022CSRC vice chair Fang Xinhai said he is "very hopeful" that an agreement can be reached with US regulators in the "near future".
April 26, 2022To enable US regulators to participate in domestic on-site inspections, CSRC chairman Yi Huiman said China may need to become a signatory to IOSCO's EMMoU.
April 13, 2022The draft amendments will allow US regulators to inspect the audit working papers of Chinese companies listed in the US.
April 5, 2022The CSRC was responding to a question about comments from SEC chair Gary Gensler which appeared to cast doubt that a deal on audit supervision was imminent.
April 4, 2022The PCAOB said it is unclear whether full access to relevant audit documentation will be granted, and that any agreement would only be a “first step”.
March 28, 2022Vice-Premier Liu He said that the FSDC will propose “strong and effective responsive initiatives” to manage any risks which may endanger the financial system.
March 19, 2022Chinese regulators plan to allow some companies to provide some audit information to the PCAOB, and provide additional clarity on what information can and cannot be disclosed overseas.
March 17, 2022The new rule could result in mass delistings of Chinese companies from the US market in 2024 unless the PCAOB is granted access to inspect Chinese audits.
September 29, 2021Chinese companies have started to receive instructions from the SEC on the disclosures they must provide on their use of VIEs for US-bound IPOs.
August 26, 2021