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Gensler Casts Doubt on US Access to Chinese Audit Reports (1)

July 13, 2022, 5:00 PM

US Securities and Exchange Commission Chair Gary Gensler cast doubt on the possibility of a deal being reached with China on access to Chinese companies’ audit reports.

“I’m not particularly confident -- it’s really up to our counterparties,” Gensler said Wednesday during a media conference call, adding that “good-faith” negotiations continue “but there is a risk here.”

US and Chinese officials have been negotiating for more than two years to ensure staff from the Public Company Accounting Oversight Board can access the audit papers of Chinese companies traded in the US.

The two sides held calls this month to further ...