In the News: PCAOB Determination; "Queen of Live Streaming" Fined and Suspended; and Draft Credit Card Regulation

December 21, 2021 | BY

Hugo Yeung

PCAOB accuses PRC authorities of not allowing inspection and investigations of audits; E-commerce live streamer "Viya" fined USD$210 million for tax evasion and social media accounts suspended; and credit card regulation on the horizon

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Credit: peterschreiber.media/Adobe Stock

 

U.S. unable to audit Chinese and Hong Kong companies

On December 16, the U.S. Public Company Accounting Oversight Board (PCAOB), overseer of audits of public companies, issued