Tag: pcaob

The SEC has fined some of China’s largest auditors for failing to supply paperwork from US-listed Chinese companies. It underlines a longstanding stalemate, but not everyone believes the outcome is positive.

RBI seeks comments on mobile banking report, as well as payment systems security; Indonesia’s Financial Services Authority, the OJK, is looking into tax breaks for investing in local corporate debt; and the US accounting body is giving up on auditor rotations.

The US and China have agreed to allow the US accounting watchdog to access audit papers of US-listed Chinese firms alleged of fraud. A handful of the major accounting firms were holding off supplying the information for fear of breaking Chinese law.