News Snapshot:
with the authors To print this article, all you need is to be registered or login on Mondaq.com. The SEC Division of Corporation Finance (the "Division") identified risks associated with China-based issuers and highlighted related disclosure considerations. In newly modified disclosure guidance, the Division described the following risks: High-Quality and Reliable Financial Reporting : The Division stated that current restrictions on the Public Company Accounting and Oversight Board ("PCAOB") limit its ability to inspect audit work because China has not provided access to its accounting firms. Access to Information and Regulatory Oversight : According to Article 177 of the People's...
