Tag: paul gillis

It might be too early for MNCs in China to assume more IFRS will be adopted.

Hong Kong’s Securities and Futures Commission’s dispute with EY, as well as new accounting rules from China, highlight the need for clarity over audit papers.

China’s new rules on foreign CPAs auditing overseas listed Chinese companies will change the shape of auditing in China, but ultimately brings it in line with international standards.

While China regulatory coverage is often framed as a gradual opening, the new foreign investment law may have shifted the narrative.

Despite Alibaba SEC filings, professionals familiar with the case still question whether PWC’s audit of the company was primarily Hong Kong-based.

China’s Ministry of Commerce has issued new rules that lower the market entry level for foreign invested enterprise, easing bureaucracy for treasurers and finance teams dealing with foreign debt quotas.

China’s finance ministry has proposed eliminating audit licences for overseas-listed Chinese companies, throwing into doubt Alibaba’s planned IPO. Experts suggest state secret security could be a factor for the escalating tension.