On May 20, the U.S. Senate unanimously passed the Holding Foreign Companies Accountable Act, a bill that threatens to delist from U.S. stock exchanges foreign companies that use accounting firms that cannot be inspected by U.S. regulators.
Podcast #13: The Challenges of Regulating US-Listed Chinese Companies
Chinese companies that fail to have their audits inspected face the threat of delisting
By
Vincent Chow