US Renews Audit Inspection of China Firms as Tensions Mount

PCAOB returned to Hong Kong in June after 2022 trip: sources
Big Four auditors face more scrutiny after initial checks

WATCH: US audit officials have started a fresh round of inspections of Chinese companies listed in New York, according to people familiar with the matter. Kiuyan Wong reports.Source: Bloomberg

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By Kiuyan Wong

July 7, 2023 at 1:15 AM UTC

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US audit officials have started a fresh round of inspections of New York-listed Chinese companies in recent weeks as tensions mount between the world’s two largest economies.

The Public Company Accounting Oversight Board sent a team to Hong Kong last month to review 2022 audit reports of some of the most high-profile Chinese stocks listed in the US, according to people familiar with the matter who asked not to be identified discussing private information.