China, US discussing audit deal plan as delistings loom - sources - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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China and US regulators are discussing operational details of an audit deal that Beijing hopes to sign this year, sources familiar with the matter said, in the latest move to try to keep Chinese companies listed on US exchanges.

Image: Reuters

China is also discussing details of onsite inspections by the Public Company Accounting Oversight Board , giving the U.S. audit regulator access to such papers, three sources said. In the long-running audit dispute between China and the United States, PCAOB is demanding complete access to audit working papers of New York-listed Chinese companies, which are stored in China.

 

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