The Chinese government says that China and the U.S. are committed to making an audit deal.
Hong Kong (Reuters) – China’s securities regulator said on Wednesday that China and the US are committed to finding a solution to the audit inspection issue that meets the legal and regulatory needs of both countries.
The China Securities Regulatory Commission (CSRC) made the statement in response to a U.S. Securities and Exchange Commission (SEC) official who said that “significant issues remain” in coming to an agreement about audits of Chinese companies that are listed in the U.S.
YJ Fischer, who is in charge of international affairs for the SEC, said that the agency’s accounting body would have to finish audit inspections in China by Nov. 22 in order to meet a U.S. deadline that will force Chinese companies that don’t follow the rules to delist by early 2023.
“We’ve always said that the audit and inspection problems should be solved through cooperation based on equality. “We have always had a positive and helpful attitude,” “Wednesday’s statement from the CSRC said.
