Mar 18, 2023 03:02 AM

U.S. Audit Watchdog to Start New Round of Inspections in Hong Kong

What’s new: The U.S. audit watchdog will launch a new round of inspections of U.S.-traded Chinese companies’ auditors in Hong Kong as soon as next week.

The inspections by the Public Company Accounting Oversight Board (PCAOB), which oversees audits of companies publicly traded in the U.S., will include branches of EY, Deloitte, PricewaterhouseCoopers and some other audit firms in Hong Kong and mainland China, Reuters reported, citing unnamed sources.

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