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Paul Leder Comments on Next Steps in PCOAB/China Deal in Reuters

"Analysis: U.S., China Audit Agreement Not Yet a Done Deal, Lawyers Warn"


Paul Leder, former Director of the SEC's Office of International Affairs, is quoted in Reuters about how the Public Company Accounting Oversight Board will evaluate compliance with its recently announced agreement on inspections with the China Securities Regulatory Commission and the Ministry of Finance. Leder commented, "The PCAOB will not cut any corners when implementing this agreement. It knows that both the SEC and Congress will want assurances that the PCAOB has the same access to information when inspecting a Chinese audit firm as it does for one in the U.S."