The Public Company Accounting Oversight Board in the US won’t accept any restrictions on its access to the audit papers of New York-listed Chinese companies, including where firms have been delisted, Reuters reports, citing two unidentified people with knowledge of the US regulator’s thinking.
- Delisting Chinese companies would not bring China in line with the US rules: Reuters cited a person familiar with the thinking of PCAOB
- “If the Chinese regulators are going to restrict us to any degree, that would not allow us to achieve the mandate and we would not accept it,” the person said
- NOTE:
CSRC Not ...