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US securities regulator warns over Chinese audit amid coronavirus outbreak

US securities regulator warns over Chinese audit amid coronavirus outbreak

Thursday, February 20, 2020, 1:24 PM

The U.S. securities regulator on Wednesday said it was pushing the Big Four accountancy firms to ramp up internal controls on audits of U.S.-listed Chinese companies, especially in light of growing business risks posed by the coronavirus. The U.S. Securities and Exchange Commission has been locked in a decade-long struggle with the Chinese government to inspect audits of U.S.-listed Chinese companies.
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