Friday Dec 4 2020
- The House of Representatives passed a bill that has now advanced to the White House related to Chinese companies whose securities trade in US markets (googleàVan Hollen Kennedy Bill). While the bill deals with a number of related issues, it directly addresses the difficulty the PCAOB has had in being allowed to conduct its inspections of CPA firms that perform audits of Chinese companies that sell securities in the US markets. The following link summarizes the PCAOB’s view of the China-related access challenges.
https://pcaobus.org/oversight/international/china-related-access-challenges
Professor Elam 
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