January 18, 2022

gird your loins

China Ready to Turn Over Audit Workpapers for Some Company at Some Point

The U.S. Securities and Exchange Commission has been struggling to obtain papers from China to investigate possible accounting fraud at dozens of Chinese companies listed on U.S. stock exchanges. China has resisted for years turning over documents because of state-secrets and sovereignty concerns. The China Securities Regulatory Commission (CSRC) is now ready to transfer audit papers […]

Audit Reform Goodie Bag to Be Opened Tomorrow

Michel Barnier delayed things for a week – not his choice – but your anxiety should subside tomorrow:

Internal markets commissioner Barnier will present his audit reform proposals to European Parliament tomorrow, one week later than planned. […] Headline proposals include pure audit firms, mandatory joint audit and mandatory rotation, but critics claim the measures would not address Barnier’s proclaimed objectives.

Barnier’s audit reform unveiled tomorrow [Accountancy Age]