US regulator courts China with joint inspections

by Rose Orlik

More from this author

26 Jul 2011

  • Comments
James Doty

US REGULATOR the SEC is going to China in an attempt to secure agreement for a system of joint audit inspections.

Chairman of sub-board the PCAOB James Doty told Reuters the two countries have a "time-bound opportunity" to resolve the issue, as poor accounting standards have seen 30 auditors of US-listed Chinese companies resign since March, with 20 companies de-listed.

Doty (pictured) claimed the US market's response to the SEC's awareness-raising has shown China it must take action to improve accounting standards and shore-up investor confidence.

The PCAOB will meet with China's finance ministry and accountancy regulator in an effort to demonstrate that they can "participate in and contribute to a joint-audit process".


Visitor comments

blog comments powered by Disqus

Add your comment

We won't publish your address

By submitting a comment you agree to abide by our Terms & Conditions

Your comment will be moderated before publication

  • Send

Charterhouse Accountants

Finance Officer

Charterhouse Accountants, Beaconsfield, Permanent, Full Time, £ Competitive




Get the latest financial news sent directly to your inbox

  • Best Practice
  • Business
  • Daily Newsletter
  • Essentials


Search for jobs
Click to search our database of all the latest accountancy roles

Create a profile
Click to set up your profile and let the best recruiters find you

Jobs by email
Sign up to receive regular updates with the latest roles suitable for you



Why budgeting fails: One management system is not enough

If budgeting is to have any value at all, it needs a radical overhaul. In today's dynamic marketplace, budgeting can no longer serve as a company's only management system; it must integrate with and support dedicated strategy management systems, process improvement systems, and the like. In this paper, Professor Peter Horvath and Dr Ralf Sauter present what's wrong with the current approach to budgeting and how to fix it.


iXBRL: Taking stock. Looking forward

In this white paper CCH provide checklists to help accountants and finance professionals both in practice and in business examine these issues and make plans. Also includes a case study of a large commercial organisation working through the first year of mandatory iXBRL filing.