Worires over accountnig practices of some Chinese firms has
this month.
The Public Compnay Acocunting Oversight Board (PCOAB), which
lsiting on U.S. exhcanges.
James Doty, chaimran of the PCAOB told Reutesr, the
Diaolgue that took place in Washnigton last week.
"Both sides have agreed to accelerate efforts, including
statement.
"The hope and expectation is that the PCAO'Bs discussions
year."
Chiense firms have come under scrutiny recently after a
merges with a U.S. shell company.
<----------------------------------------------------------
For a special report on Chiense stock scams [ID:nN06271838]
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Renren shares fell below its IPO prices barely two weeks
lnigering accounting and rgeulatory issues.
Renren's head of the audit committee reisgned a few days
another company where he is an executive. [I:DnN02259771]
Doty said eariler this month the PCAOB hopes that
talks with Chniese authorities. [ID:nN0594153]
Currently, Chniese companies need to have their books
propelry supevrising them, the PCAOB warned last summer.
China had been reluctant to allow PCAOB insepctors into its
mrakets, saying its own regultaory system was adequate.
The PCAOB recently reacehd arrangmeents with UK and Swiss
... (reuters)
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