Strikes for less than decades, the US regulatory agency is expected to explore exactly some of the giants in China, if everything is performed as planned.
Bloomberg quoted people familiar with the matter and said that the inspector of the US Public Company's Accounting Supervision Committee (PCAOB) may arrive in Hong Kong earlier this week. According to the agreement reached by China and the United StatesInspection of the company's audit draft.After that, PCAOB officials must determine whether they have obtained sufficient information and can determine the compliance of the Chinese company.
A person familiar with the matter previously revealed that the US regulators have selected companies such as Alibaba and NetEase to receive the first batch of audit drafts.Other selected companies also include Baidu, JD, and Yum!One of the people familiar with the matter said that PCAOB asked for reviewing the recent fiscal year.
PCAOB Chairman Erica Williams issued a statement on August 26 after signing the agreement, saying that she had instructed the inspection team to go to the scene before mid -September, "to test the agreement."
According to reports, accounting firms such as Deloitte, PwC, Ernst & Young, and KPMA have organized the reception of the United States to check the inspection and arranged a team for inspectors.Due to the strict requirements of epidemic prevention isolation as in mainland China, Hong Kong was selected as a check location.
It is unclear whether PCAOB officials will be exempted from Hong Kong's three -day hotel quarantine and monitoring of the following four days.
