News Snapshot:
A US accounting oversight board proposed a draft rule to speed the implementation of a Trump-era law that would force publicly traded Chinese companies to delist from American bourses in three years if they do not share their audits for review. The Public Company Accounting Oversight Board (PCAOB) said on Thursday that the rule change would provide a framework to determine whether local authorities inhibited its inspections of foreign accounting firms that audit US issuers. The public has until July 12 to comment on the proposed rule. “The rule addresses situations where overseas authorities have denied the PCAOB the access...
