Remove china accounting-and-audit
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First Inspections Find Massive Holes in Chinese Audits

Intelligize Blog

Regulators have released the results of their first inspections of audits of U.S.-listed Analyses revealed “unacceptable deficiencies” in audits performed by KPMG’s Chinese arm and PricewaterhouseCoopers’ office in Hong Kong , according to the Public Company Accounting Oversight Board. deficiencies.” deficiencies. “At

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SEC Warns Companies Switching Auditors Not To Skirt Rules

Law 360

Securities and Exchange Commission's chief accountant is warning China-based companies that they could face enforcement actions if they switch auditing firms in order to remain listed in the U.S. unless certain protocols are followed.

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Auditing Showdown with China Nearing a Conclusion?

Intelligize Blog

Remember the Holding Foreign Companies Accountable Act? Securities and Exchange Commission Chair Gary Gensler warned the world last year that the law, which took effect at the end of 2020, could start causing problems in the United States for China-connected companies. The post Auditing Showdown with China Nearing a Conclusion?

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U.S. and China Finally Have an Audit Agreement, or Do They?

Intelligize Blog

regulators and Chinese authorities over auditing standards, you’re probably not alone. About a year ago, Securities and Exchange Commission Chair Gary Gensler sounded the alarm over Beijing’s refusal to allow the Public Company Accounting Oversight Board to inspect its auditing firms, which he […]. The post U.S.

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Livestream Lawsuits Are Landing in Court in China, as Streaming-Induced Sales Continue to Grow

The Fashion Law

A year later, Kim Kardashian West appeared on a Tmall livestream with Chinese mega-influencer Viya Huang and sold out her perfume stock to an audience of 13 million viewers in less than 15 minutes, marking another one of many examples of the critical role that livestreaming has played in China’s robust e-commerce economy.

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Audit Failures Lead to SEC Action Against Deloitte-China

Intelligize Blog

Some auditors in the Chinese affiliate of Big Four accounting firm Deloitte have apparently been taking a unique approach to their work. Rather than evaluating their clients’ financial reporting, they let the clients audit themselves, according to the Securities and Exchange Commission.

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ACE: Auditing Your Import History

Customs & International Trade Law

Customs and Border Protection (“CBP”) import audits resulted in over $44.6 Prior to CBP auditing you, there is a lot you can do to be proactive about import compliance. An ACE audit can identify duty-saving opportunities and open risks. billion in China 301 tariffs. In FY 2020 alone, U.S. ACE is a U.S.