ACCOUNTING FIRMS HAVE WARY EYE ON CHINESE OVERSEAS COMPANY AUDIT PROPOSALSDONGXIA SU, in Shenzhen, KEITH NUTHALL, and KYLIE KENDALL
June 8th, 2014
ACCOUNTING firms auditing overseas-listed Chinese companies are keeping a close eye on a draft regulation released by China’s finance ministry on April 29 which would restrict the roles that foreign auditors can play in this work.This 'Accounting Firms Cross-border Auditing Service Temporary Regulation' would prevent accounting firms registered outside mainland China from carrying out audits alone for Chinese overseas-listed enterprises, including overseas listed enterprises with operations in China. To handle such work, non-Chinese practices would have ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.