If approved, the new measures will apply specifically to auditors that have been hired by domestic firms or are conducting cross-border work

About a dozen Chinese firms, including Tencent Music Entertainment Group, Didi Global and NetEase, are likely to be inspected in a fresh round of routine checks

Beijing will also tighten scrutiny of domestic and foreign auditors — “including the Big Four” accounting firms — vice-minister of finance, Zhu Zhongming warned

The mutual recognition agreement with the US International Qualifications Appraisal Board was signed in 2011 and renewed in 2020, but will expire on December 31

A preliminary settlement of the so-called shareholder derivative lawsuit in the 1MDB Scandal was filed in Manhattan federal court on Friday, and has to be signed off by US District Judge Vernon Broderick

The additions come as China’s securities watchdog said it has been in regular talks with US regulators over the ongoing Chinese stocks delisting audit stand-off and expects a deal soon.

The statement follows the US Securities Exchange Commission (SEC) identification of five Chinese stocks that will be delisted if they do not provide access to audit documents

Once touted as the biggest challenger to Starbucks’ dominance in China, Luckin was delisted from the Nasdaq exchange in June 2020

Since December 2021, 88 listed Chinese companies have changed accountants and auditors, offering various reasons for the switch

CSRC said it welcomes the attitude of the US Securities and Exchange Commission and Public Company Accounting Oversight Board

Following a string of confidence-sapping fraud scandals, regulators extend their reshaping of national economic rules to book keepers

(ATF) A Hong Kong regulator has called on Deloitte China – the local affiliate of one of the...