The head of the U.S. audit watchdog said on Wednesday his organization may need to resort to enforcement actions against auditors based in China if they fail to hand over documents to U.S. regulators.
Jim Doty, head of the Public Company Accounting Oversight Board, told the U.S. Securities and Exchange Commission that enforcement "will be an increasing priority" if the SEC and PCAOB cannot end an impasse with Chinese regulators over access to audit work.
