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Effort to Check Chinese Audits Stalled (NY Times)

Despite a number of frauds at Chinese-based companies, China resists giving U.S. regulators access to more information on audits.

There’s widespread suspicion of China-based companies and Chinese audits after a wave of frauds. But so far Chinese officials have resisted efforts by U.S. financial regulators to cooperate in investigations of China-based companies. In fact, China has forbidden audit firms from sharing audit work papers with U.S. regulators.

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