Big Four Cut Back Federal Lobbying Amid Pandemic

U.S. inspection access to audit firms in China and a related law that would delist some Chinese companies from U.S. exchanges were among the issues the Big Four accounting firms spent millions lobbying the federal government over during the last year of the Trump administration.

Accounting rules for credit losses and troubled debt restructurings and stimulus legislation intended to provide pandemic relief also received attention as policy concerns last year, according to lobbying disclosure forms published this week and reviewed by Bloomberg Tax and Bloomberg Law.

Perennial issues related to audit firm oversight, the independence of the Financial Accounting Standards ...