U.S. and China Reach Agreement on Chinese Company Audits


Washington and Beijing reached an agreement for U.S. accounting regulators to inspect China-based audits.



Photo:

brendan mcdermid/Reuters

Washington and Beijing reached an agreement for U.S. accounting regulators to inspect China-based auditors, laying the groundwork for a monthslong process that could prevent many Chinese companies from being booted off American stock exchanges.

Write to Keith Zhai at keith.zhai@wsj.com and Jing Yang at Jing.Yang@wsj.com

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