$Lufax (LU.US)$ US regulatory institutions speak out: active...
US regulatory institutions speak out: actively seeking cooperation agreements with China to end the long-standing cross-border audit regulatory dilemma.
According to media reports, the Public Company Accounting Oversight Board (PCAOB) of the usa stated that the board is actively communicating with Chinese regulatory authorities, having held multiple meetings recently, both sides are committed to reaching a cooperation agreement so that the board can inspect Mainland China-registered and some Hong Kong audit firms engaging in Mainland china business. PCAOB stated its willingness to maintain a cooperative relationship with Chinese government authorities and conduct inspections and investigations of relevant accounting firms in a manner similar to its current cooperation with dozens of other countries or regions.
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