US regulators will next week push for a deal that would allow them to inspect auditors based in China in an effort to ease rising investor concerns over the accounting of many Chinese companies.
Officials from the US Securities and Exchange Commission and Public Company Accounting Oversight Board plan to meet counterparts in Beijing to negotiate a deal.
The talks with China’s finance ministry and the China Securities Regulatory Commission will centre on proposals to allow PCAOB inspectors into the country to review auditing firms as required under the Sarbanes-Oxley law.
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