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In the News: China Allows U.S. Audit; CIMC-Maersk Acquisition Called Off; and Wealth Management Compliance
August 29, 2022 | BY
Hugo YeungPCAOB and Beijing reach audit agreement to prevent mass delisting; U.S.-China merger abandoned following U.S. antitrust investigation; new compliance rules for wealth management companies
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Credit: ALM
Landmark U.S.-China Audit Deal
On August 26, the China Securities Regulatory Commission (CSRC), China's Ministry of Finance, and the U.S. Public Company Accounting Oversight Board (PCAOB) signed