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Writer's pictureHK Euro Auditor

The penalty for non-compliance, as stipulated by a law Congress

Updated: Jul 5, 2021

China has long refused to let the US Public Company Accounting Oversight Board examine audits of firms whose shares trade in America, citing national security concerns. US lawmakers counter that such resistance risks exposing investors to frauds, while complaining that it makes little sense that Chinese companies have been permitted to raise money in the US without complying with American rules


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