SEC Pursues Plan Requiring Chinese Firms to Use Auditors Overseen by U.S: Under proposal, companies would be shut out of U.S. exchanges if they don’t comply
https://www.wsj.com/articles/sec-pursues-plan-requiring-chinese-firms-to-use-auditors-overseen-by-u-s-11605614403 WASHINGTON—Chinese companies with shares traded in America would be required to use auditors overseen by U.S. regulators or face being kicked off exchanges under a plan being drafted by regulators, according to people familiar with the matter. The proposal, which is likely to be issued for public comment in December, would address the disparate … Read more