Compliance and Litigation Risks: the SEC's Tougher Stance on Intermediary Institutions

February 18, 2020 | BY

Susan Mok

Wilson Wei Huo of Zhong Lun Law Firm discusses the recent SEC case involving PwC and highlights the wider implications for intermediary institutions providing professional services in a tightened regulatory and enforcement regime in China's banking and financial sector

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… auditors play a fundamental role in protecting the reliability and integrity of financial reporting and must ensure that non-audit services do not come at the cost of their independence on audits of public companies …