A bipartisan group of U.S. lawmakers introduced a bill on Wednesday to force Chi...
Senator Marco Rubio questions U.S. Secretary of State Mike Pompeo during a Senate foreign Relations Committee hearing on the State Department budget request in Washington, U.S. April 10, 2019. REUTERS/Erin Scott
“Beijing should no longer be allowed to shield U.S.-listed Chinese companies from complying with American laws and regulations for financial transparency and accountability,” Republican Senator Marco Rubio said in a statement. The U.S. Securities and Exchange Commission and the Public Company Accounting Oversight Board issued a warning to investors last year about the difficulties U.S. regulators have had in inspecting the audit work and practices of auditing firms in China that examine U.S.-listed Chinese companies.
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