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PCAOB Won’t Accept Any Restrictions on China Audit Access: Rtrs

July 26, 2022, 7:58 PM

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 ...