Regulators in China are also working on a plan to comply with U.S. demands for full access to companies’ audit working papers
The new Beijing stock exchange is meant to help smaller companies get more investment to fund innovation, according to a Chinese regulator. Its debut comes even as China tightens its grip on companies seeking listings overseas. WSJ’s Anna Hirtenstein explains. Photo: Li Xin/Zuma PressHONG KONG—, while Beijing seeks to resolveThe China franchise of Canadian coffee chain Tim Hortons—which is preparing to go public via a merger with a U.S.
retheauditors Chinese companies (CCP) raise the auditing fees they pay. CCP strategy for gaining more leverage over auditors in order to cover everything up (accounting equivalent of a VIE). The US auditor must bear sole legal responsibility.
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