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Tag: China

Conflict minerals shipped in cargo container

U.S. Enacts Import Law to Sanction China Over Abuses of Uyghurs

Conflict minerals shipped in cargo container

In the wake of the COVID-19 pandemic, consumers continue to encounter empty store shelves amid ongoing stresses on the supply chain of products and raw materials. The disruptions haven’t stopped the U.S. government from adding new pressure...

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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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