Accounting and accountability
BY Kanishk Verghese |
As Chinese companies listed in the U.S. have increasingly become the subject of accounting scandals, Washington has pressured Beijing to provide U.S. regulators access to the audit records of U.S.-listed Chinese companies. China’s refusal to do so has led to a regulatory standoff. Kanishk Verghese examines the ongoing dispute, and discusses its ramifications for Chinese-U.S. business and legal work in the region.