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Tag: China

Dragon roof statue symbolizing power and authority, amidst sanctions.

Growing U.S.-China Tensions Raise Risks for Companies

Dragon roof statue symbolizing power and authority, amidst sanctions.

To say relations between the United States and China are deteriorating seems like an understatement. Take your pick of reasons why: China’s support of Russia’s invasion of Ukraine, China’s own saber rattling over Taiwan – and President Joe...

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The Great Wall of China

Auditing Showdown with China Nearing a Conclusion?

The Great Wall of China

Remember the Holding Foreign Companies Accountable Act? Securities and Exchange Commission Chair Gary Gensler warned the world last year that the law, which took effect at the end of 2020, could start causing problems in the United States f...

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Antacid fizzles and dissolves in a glass of water

Public Company Accounting Oversight Board Moves to Investigate Foreign Auditors

Antacid fizzles and dissolves in a glass of water

Earlier this month, Securities and Exchange Commission Chair Gary Gensler fired a warning shot at China-connected companies. In a Wall Street Journal op-ed, the head of the regulatory agency warned that by early 2024, it may need to prohibi...

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SEC Responds to Chinese Crackdown with New Disclosure Requirements

SEC Responds to Chinese Crackdown with New Disclosure Requirements

SEC Responds to Chinese Crackdown with New Disclosure Requirements

Time to add a new term to your financial vocabulary: variable interest entities, also known VIEs. They’re playing a key role in an escalating economic tiff between the United States and China, and U.S. disclosure rules are changing as a res...

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Companies Caught in the Middle of U.S.-China Rivalry: Holding Foreign Companies Accountable Act

Companies Caught in the Middle of U.S.-China Rivalry

Companies Caught in the Middle of U.S.-China Rivalry: Holding Foreign Companies Accountable Act

If you thought a change in presidential administrations might ease tensions between China and the United States, think again. When representatives of the rival nations gathered earlier this month in Alaska for their first formal meetings si...

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