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U.S. Audit Regulator Still at Impasse With China on Inspections

July 9, 2020, 8:49 PM

Negotiations with the Chinese government over audit inspection and enforcement access haven’t produced anything meaningful despite Chinese authorities’ statements of willingness to chart a path forward, the chair of the U.S. audit regulator said Thursday.

China and Hong Kong are the only countries where the U.S. Public Company Accounting Oversight Board has been “meaningfully blocked from performing inspections,” board Chairman William Duhnke said.

He spoke during a forum hosted by the Securities and Exchange Commission to discuss risks that Americans face when investing in China and other emerging markets.

Accounting scandals this spring have renewed regulator and policy maker attention ...