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US renews audit inspection of China firms: Report
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NetEase Inc, Bloomberg News reported on Thursday. The inspection, part of an agreement signed last year, comes amid rising tensions between the United States and China, including U.S.
consideration of export controls on artificial intelligence chips to China. The U.S.
Public Company Accounting Oversight Board (PCAOB) sent a team to Hong Kong last month to review 2022 audit reports of some of the most high-profile Chinese stocks listed in the U.S., according to the report, citing people familiar with the matter. In May, the PCAOB found unacceptable deficiencies in audits of U.S.-listed Chinese companies performed by KPMG in China and PricewaterhouseCoopers in Hong Kong.
Read more on economictimes.indiatimes.comAbout this in other media
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India is not keen on allowing Chinese EV maker BYD to set up shop amid border tensions: Report economictimes.indiatimes.com /1 year ago
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