Cover Story: Breaking the Ice in the China-U.S. Audit Standoff
As many as 200 Chinese companies and their investors may breathe a sigh of relief after China and the U.S. moved Friday to resolve a years-long dispute that threatened to get their stocks kicked off American markets.
Under a preliminary agreement between regulators in the two countries, American officials will get their long-sought access to vet accounting companies based in the Chinese mainland and Hong Kong and review audit documents related to Chinese businesses.
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