U.S. Investors Have Another Reason to Fret Over China Firms

  • Regulator's plan to inspect China audits said to falter
  • U.S. audit watchdog planned to initiate inspections this year

An employee mops the floor in a building lobby at the Alibaba Group Holding Ltd. headquarters in Hangzhou, China, on Oct. 13, 2015.

Photographer: Qilai Shen/Bloomberg

A key accounting safeguard intended to protect U.S. investors who buy shares of Chinese companies is close to unraveling. 

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