China regulator wants audit collaboration with U.S. On Thursday, China’s securities watchdog stated that it was eager to collaborate with its U.S. counterparts to advance audit regulator cooperation and protect the rights and interests of global investors.
One day after a U.S. accounting watchdog stated it discovered unacceptable shortcomings in audits of U.S.-listed Chinese businesses, the China Securities Regulatory Commission (CSRC) weighed in with its assessment.
In response to a request for comment from Reuters, the CSRC issued a statement saying that the faults detected by the U.S. watchdog during their first inspection in China were typical and that China will continue to engage with the U.S.
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