Officials from the U.S. audit watchdog will start a new round of inspections in Hong Kong on Chinese companies' auditors as soon as next week, sources said, as part of a deal with Beijing to prevent delistings of the firms from the New York bourse.
last August to settle a long-running dispute over auditing compliance of U.S.-listed Chinese firms. Authorities in China have long been reluctant to let overseas regulators inspect local accounting firms, citing national security concerns.last year's onsite inspection
The China Securities Regulatory Commission, the Ministry of Finance, EY, Deloitte, and PwC did not immediately respond to Reuters' queries. It also warned that any obstruction of inspection access could affect Chinese firms' listings in the U.S.
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