The voluntary delistings are a recognition that Chinese state firms will be unable to provide US regulators full access to their audit records as required.
January 18, 2023The PCAOB did identify some deficiencies in their inspection work, but it was able to view complete audit work papers with no redactions.
December 16, 2022The PCAOB reportedly gained all the information it requested during its inspection, but a decision has not yet been made regarding its dispute with Chinese regulators.
November 17, 2022Deloitte China personnel asked certain Chinese clients to select their own samples for testing and prepare their own audit documentation.
October 3, 2022PCAOB inspectors have been in Hong Kong this week to commence audit inspections of US-listed Chinese companies at PwC and KPMG’s offices.
September 23, 2022PCAOB inspectors are expected to arrive in Hong Kong soon, but will have to serve three days in hotel quarantine before beginning work at PwC and KPMG's Hong Kong offices.
September 16, 2022The CSRC will push forward legislation to enact new overseas listing rules, and support the establishment of a new registration system for Chinese firms seeking foreign IPOs.
September 6, 2022Alibaba, Netease, Baidu, JD.com and Yum China are among the first Chinese firms selected for the PCAOB's audit checks in Hong Kong
September 1, 2022PCAOB inspectors will be on the ground in Hong Kong by mid-September to conduct their inspections of auditors of US-listed Chinese firms.
August 29, 2022The CSRC has informed some accounting firms that US regulators may be visiting Hong Kong in September to inspect the audit records of US-listed Chinese companies.
August 26, 2022