Saturday, July 09, 2011

PCAOB, SEC to Meet With Chinese Officials on Auditing Oversight


The PCAOB said Wednesday that a joint PCAOB-SEC delegation will meet next week in Beijing with representatives of China’s Ministry of Finance and the China Securities Regulatory Commission (CSRC) to discuss issues relating to auditing oversight.

“This meeting is the commencement of our accelerated efforts with the People’s Republic of China to forge a cooperative resolution to cross-border auditing oversight,” PCAOB Chairman James Doty said in a news release. “I believe we share a common objective with Chinese regulators to protect investors and safeguard audit quality through our mutual cooperation.”

See full Press Release.