ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
US-China tensions

U.S. gains full access to audits of Chinese companies in breakthrough

Deal removes risk of 200 stocks being kicked off American exchanges

"For the first time in history, we are able to perform full and thorough inspections and investigations to root out potential problems and hold firms accountable to fix them," said PCAOB Chair Erica Williams.   © AP

NEW YORK/HONG KONG/WASHINGTON (Reuters) -- The U.S. Public Company Accounting Oversight Board on Thursday said it has determined that it has gotten full access to inspect and investigate firms in China for the first time ever.

The announcement from the U.S. accounting watchdog removes the risk that around 200 Chinese companies, including Alibaba, could be kicked off U.S. stock exchanges.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more