US Securities and Exchange Commission adopts audit inspection guidelines for US-listed Chinese stocks

Nov 5, 2021 | INVESTING

The Securities and Exchange Commission on Friday approved a framework to determine which US-listed Chinese companies fail to fully allow auditing inspection and, therefore, will be delisted from American capital markets.The US securities watchdog said the new guidelines established a clear process of what information and documents would go into assessing whether a foreign company is in compliance with US securities law.It will allow the Public Company Accounting Oversight Board’s (PCAOB), a non…

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