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US renews audit inspections of Chinese firms

Source: afr.com afr.com
News Snapshot:

US audit officials have started a fresh round of inspections of New York-listed Chinese companies in recent weeks amid simmering tensions between the world’s two largest economies. The Public Company Accounting Oversight Board (PCAOB) sent a team to Hong Kong last month to review 2022 audit reports of some of the most high-profile Chinese stocks listed in the US, according to people familiar with the matter who asked not to be identified discussing private information. About a dozen Chinese firms will be inspected this time, including Tencent Music Entertainment Group, Didi Global and NetEase, said the people. That is a…

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