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US Audit Watchdog Insists on Full Access in China-Delisting Case

  • PCAOB Chair Erica Williams speaks in Bloomberg interview
  • Delisting some firms won’t avoid US oversight, Williams says
Alibaba offices in Beijing.

Alibaba offices in Beijing.

Photographer: Gilles Sabrie/Bloomberg
Updated on

The US’s top auditor watchdog is throwing cold water on a workaround that’s been floated as a way to avoid the delisting of nearly 200 Chinese companies from American stock exchanges.

A company’s decision to leave the New York Stock Exchange or Nasdaq voluntarily might not keep the Public Company Accounting Oversight Board from demanding to review its audit work papers, PCAOB Chair Erica Williams said on Monday.