auditors

Uyghur Forced Labor Prevention Act Enters Into Force

On Tuesday, the Uyghur Forced Labor Prevention Act (UFLPA) went into effect in the U.S. The bill was conceived in 2019, approved by the Senate last July, and passed by Congress in December before being signed into law by...

SEC Saber-Rattling May Backfire in China

Forbes contributor Junheng Li claims that the U.S. Securities and Exchange Commission (SEC) is walking a tightrope in its actions against the Chinese arms of the five major accounting firms, and has little leverage as the...

SEC Escalates Showdown With Chinese Audit Firms

The U.S. Securities and Exchange Commission (SEC) charged the Chinese arms of the five big accounting firms with violations on Monday for failing to turn over audit reports on U.S.-listed Chinese companies, according to Reuters:...

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