Comments() 
Print 
Mail 
Large Medium SmallChina has reached an agreement with the US authorities, allowing the latter to observe official auditor inspections in China, Securities Times reported on Friday.
The observation is meant to help the US authorities understand the inspection procedures used by China, which is an important part of decisions to come out of the China-US Strategic and Economic Dialogue. The observation will not include detailed reviews of specific audits, Securities Times said.
The Public Company Accounting Oversight Board in the US announced in May that it was close to an agreement to observe audit inspections in China. Reuters claimed that US companies have lost billions of dollars on China-based companies listed on US exchanges after questions were raised about the companies' accounts since 2010.
Modeling contest part of China-US exchange
Specially fertilized tea
Simulator to support A320neo commissioned
China's cultural sector sees steady growth in 2011
Travel chaos after snowstorm hits NE China
Inflation expected to rebound in November
Grain output grows for 9th consecutive year
White House-like buildings in E China cityCopyright 1995 - 2010 . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 20100000002731 
