Any potential agreement to allow US regulators access to Chinese companies’ audit books is unlikely as the trade war rages on. Photo: Reuters
Any potential agreement to allow US regulators access to Chinese companies’ audit books is unlikely as the trade war rages on. Photo: Reuters

Trade war may scuttle China’s interest to share ‘state secret’ company audit reports with US

  • China now willing to share audit work on mainland firms with Hong Kong regulator, which will help improve financial transparency
  • Beijing sees much of the information in the audit reports as state secrets

Any potential agreement to allow US regulators access to Chinese companies’ audit books is unlikely as the trade war rages on. Photo: Reuters
Any potential agreement to allow US regulators access to Chinese companies’ audit books is unlikely as the trade war rages on. Photo: Reuters
READ FULL ARTICLE