Skip to main content

China Blinked on Public-Company Audits - It Won't Happen Twice


Paul Leder, former Director of the SEC's Office of International Affairs, had a Commentary published in Barron's regarding the recent agreement between the Public Company Accounting Oversight Board (PCAOB) and Chinese authorities on the inspection of audit firms registered with the PCAOB.  In his commentary, Leder described the agreement as a function of the Chinese authorities' efforts to bolster the market for Chinese issuers and that it is a not a signal that more deals are in the works between the two countries. Leder also noted that the signing of the agreement does not guarantee that the inspections will not proceed without a hitch and that the U.S. will not proceed with involuntary delistings.