China has told state owned companies and those listed on the mainland to step up checks on auditors in what is thought to be in response to the€¦

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China has told state owned companies and those listed on the mainland to step up checks on auditors in what is thought to be in response to the tightening of controls on sensitive corporate information. It is a further example of the challenges that the big audit firms face, as China puts a spot light on corporate data, audit firms and access to mainland Chinese firms. With Chinese regulators stepping up scrutiny of accounting firms in China and not just limited to the big four. As local auditors also face increased scrutiny.

But one can assume that recent issues surrounding audit firms has not helped in creating an atmosphere of professionalism, conducive with trust.

Ted Dziekanowski

#audit #regulatorycompliance #financialoversight #governance

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