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Published 2 years ago

Explainer: What to watch out for as talks on U.S.-China audit deal drag on

Summary by Ground News
U.S. regulators have been demanding complete access to the audit working papers of New York-listed Chinese companies. Authorities in China have long been reluctant to let overseas regulators inspect domestic accounting firms, citing security concerns. The spat came to a head in December when the U.s. Securities and Exchange Commission finalised rules that enable the prohibition of trading in Chinese companies' shares.

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