China Steps Up Talks With U.S. on Opening Its Companies’ Books
- Inspections part of decade-long tussle between watchdogs
- U.S. lawmakers say audit reviews a key investor safeguard
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U.S. and Chinese officials have held discussions on an agreement that would allow the American audit regulator to review the books of Chinese companies listed there, according to people familiar with the matter, tackling a decades-long point of contention.
China’s securities regulator and the U.S.’s audit watchdog have stepped up talks this year on joint inspections of accounting firms overseen by both organizations, said the people, who asked not to be identified because the conversations are private.