This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

Chinese and US regulators enter into cooperative agreement

  • China Image
  • United States (old) Image

24 May 2013

The China Securities Regulatory Commission (CSRC), the Ministry of Finance (MoF) of China, and the US Public Company Accounting Oversight Board (PCAOB) have announced a cooperative agreement on the oversight of audit firms subject to the regulatory jurisdictions of both regulators.

The Memorandum of Understanding (MOU) allows for the mutual exchange of confidential information of firms performing in both jurisdictions. Further, the PCAOB is working with the CSRC and MOF on an agreement to permit joint inspections in China of audit firms that are registered with the PCAOB and audit Chinese companies that trade in US exchanges.

The press release is available on the PCAOB website.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.