WebFeb 19, 2024 · Collectively, the four largest audit firms through their global networks audit the financial statements of approximately 140 China and China-based, U.S. exchange-listed, public companies, and the China and Hong Kong network firms for these four audit firms participated in 5% or more of the total audit hours in approximately 120 instances ... WebMar 10, 2024 · China’s technology sector has also been hit more broadly this week. In the US, video-streaming platform iQiyi fell 22 per cent, while rival Bilibili was down 14 per cent. New York shares of Jack ...
Alibaba and Yum China first in line for audit checks by US regulator
The agreement allows US regulators to inspect and investigate registered accounting firms in mainland China and Hong Kong that audit the books of Chinese companies. The deal is the most comprehensive of its kind ever reached between the United States and China, according to theUS Public … See more The long list of companies at risk includes some of China’s top tech giants, Alibaba (BABA), Baidu (BIDU), and JD.com (JD). US regulations … See more Besides forcing companies to rethink their game plans, the situation has already contributed to a slowdown in share issues. US initial public offerings by Chinese companies have slumped significantly, with eight primary … See more Despite the progress made, the world’s top two superpowers are expected to remain at odds on other issues. “Though the agreement is a constructive signal broadly, it does not have much feed-through to the … See more Analysts remain cautious over whether the new audit deal will put companies in the clear. Goldman Sachs analysts believe there is still a roughly 50% chance of Chinese shares … See more WebAug 26, 2024 · U.S. and China Announce Deal to Share Audits of U.S.-Listed Chinese Firms The agreement could prevent Chinese companies from having to depart U.S. … how many wars did philip 2 win
China and America’s long-awaited audit deal may yet fail
WebAug 26, 2024 · The U.S. and China have reached a preliminary agreement to allow U.S. regulators to inspect the audits of China-based companies whose stocks are traded on U.S. exchanges. The deal was announced... WebAug 30, 2024 · Jessica Seah. Lawyers have serious doubts that an agreement reached between Chinese and U.S. regulators to allow U.S. authorities to vet audits of U.S.-listed companies will pave the way for ... Web2 days ago · EY has called off a plan to break up its audit and consulting units, slamming the brakes on a proposed overhaul of its businesses. Photo: Reuters ... Deloitte China unit fined US$31 million for ... how many wars did pakistan win against india