CHINA-US: CHINA'S SECURITIES REGULATORY COMMISSION (CSRC) RESPONDS TO US ANNOUNCEMENT THAT COMPANIES MUST COMPLY WITH ITS AUDIT REGULATIONS
Reacting to the US announcement of August 6, that it would de-list companies failing to meet auditing requirements, the China Securities Regulatory Commission (CSRC) said (August 9) the right way to improve cross-border cooperation on audit inspections is to have frank dialogue. It said China has proposed joint accounting inspection plans repeatedly since 2019 and has shown “full sincerity for cooperation.”
(Comment: The two countries have had a longstanding dispute between regulators over access to audits of U.S.-listed Chinese companies.)
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