U.S. watchdog says it found unacceptable problems with Chinese company audits

Apparently hundreds of companies are about to be de-listed. Original Source: https://www.reuters.com/markets/us-watchdog-says-it-found-unacceptable-problems-with-chinese-company-audits-2023-05-10/ WASHINGTON, May 10 (Reuters) – A U.S. accounting watchdog found unacceptable deficiencies in audits of U.S.-listed Chinese companies performed by KPMG in China and PricewaterhouseCoopers in Hong Kong, …

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SEC Chair Gary Gensler: “While the SEC oversees more than 7,000 public company issuers, there are around 50,000 municipal securities issuers. Strikingly, there are approximately one million different outstanding municipal securities—more than 30 times the number of outstanding corporate bonds.”

by Dismal-Jellyfish Remarks before the Municipal Securities Disclosure Conference https://www.sec.gov/news/speech/gensler-remarks-municipal-securities-disclosure-conference-051023 Highlights: “Based on these authorities, in 1989 the Commission adopted—and as recently as in 2018 amended—Rule 15c2-12.” “The rule ensures that those acting as underwriters of municipal securities confirm that …

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YouShouldKnow: If your company offers an HSA plan (US) and it runs out of funds before hitting your deductible, it is beneficial for you to deposit more money into the fund for eligible expenses before paying for them by other means.

by Revenge_of_the_Khaki Why YSK: Many people like to just use up their employer matched funds or budgeted deposits in their HSA accounts and then switch to a normal credit card when the funds run out, however putting more money into …

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Elon Musk: “Every social media company is engaged in heavy censorship, with significant involvement of and explicit direction of government…”

Most people don’t appreciate the significance of the point Matt was making: *Every* social media company is engaged in heavy censorship, with significant involvement of and, at times, explicit direction of the government. Google frequently makes links disappear, for example. …

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Wisconsin’s ‘We Energies’ Company Warns Customers to Lower Thermostats to 60 Degrees After Natural Gas Pipeline Malfunction as Subzero Temperatures Hit State

Wisconsin Energies (WE Energies) asked customers on Friday to immediately lower their thermostats to 60 to 62 degrees on Christmas Eve. The gas company is experiencing a significant failure in equipment that is limiting the amount of fuel it sends to its …

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