US regulators say they are actively seeking to reach a cooperation agreement with China to end years of cross-border audit and supervision dilemma
According to Bloomberg, the US public company accounting oversight board (PCAOB) said that it is maintaining active communication with Chinese regulators and has held talks for many times recently. The two sides are committed to reaching a cooperation agreement so that it can inspect mainland China registered in the United States and some Hong Kong audit firms engaged in Mainland business. PCAOB expressed its willingness to maintain cooperative relations with Chinese government departments and carry out inspection and investigation of relevant accounting firms in a similar way with dozens of other countries or regions.
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EqualOcean is an information service provider and investment research company that aims to become a global platform for industrial innovation. Founded in February 2014 and headquartered in Beijing, with a client network covering over 50 countries, the firm provides comprehensive professional services, including industry research, investment analysis, innovation consulting, data products, corporate branding and international strategy.