Opinion: Why the audit fight between regulators will hurt China

The Big Four accounting firms have ignored requests to submit auditing papers to the US Securities and Exchange Commission because it violates Chinese law, but as Paul Gillis points out, China will lose out unless a compromise is found

4 minute read March 11, 2013 at 03:52 AM

clpstaff and clp articles

The US Securities and Exchange Commission (SEC) shook markets for US-listed Chinese companies last December when it charged the Big Four accounting firms and BDO with violations of US securities laws for refusing to give audit working papers to the SEC.

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