China

Regulators are conducting tax audits and reviewing land use by Foxconn, the Taiwanese company that makes the vast majority of iPhones at factories in China.

The Kentucky senator plans to block legislation to reduce double taxation for those involved in U.S. and Taiwan cross-border investment.

He reiterated that American officials must be able to review the audit papers of Chinese companies that trade in the U.S.

A draft of legislation aims at reducing double taxation for employees and businesses involved in cross-border investment between the two countries

U.S. audit officials have started a fresh round of inspections of New York-listed Chinese companies in recent weeks as tensions mount between the world's two largest economies.

The International Financial Reporting Standards Foundation expanded the global reach of the International Sustainability Standards Board by opening an office in Beijing.

The Public Company Accounting Oversight Board found problems in its initial audit firm inspections in China.

Among the four biggest global accounting firms, Ernst & Young is likely to be the most exposed to Beijing's crackdown on U.S.-linked auditors, as it stands to lose about a 10th of its China revenue.

The board levied a $100,000 fine and censured Friedman LLP, a former Top 100 Firm that's now part of Marcum for improper use of Chinese audit firms.

China will strengthen regulations on the CPA sector, a deputy finance minister told Deloitte after the the Big Four firm was hit by a record fine.

The move signals continued concerns about data security even after Beijing reached a landmark deal to allow U.S. audit inspections on hundreds of Chinese firms listed in New York.

Evergrande's board recommended the resignation of PwC after the two firms couldn't "agree on the timetable and the scope of work in respect of the assessment on the group's going concern basis."

U.S. and European investment into mainland China has largely been channeled through offshore vehicles set up by Chinese companies in tax havens.

Dozens of Public Company Accounting Oversight Board inspectors are set to leave Hong Kong as soon as this weekend.

Deloitte's member firm in China agreed to pay a $20 million penalty to settle charges with the Securities and Exchange Commission that the firm asked its audit clients to do their own auditing work.

Switching accounting firms had been seen by some companies as a way to satisfy a 2020 law that threatens to remove businesses from the NYSE and Nasdaq if U.S. officials can't inspect their audit work papers.

Just days after American officials arrived in Hong Kong to review the audit work papers of Chinese companies, Washington's watchdog has a stern warning for Beijing: U.S. inspectors must get full access.

PCAOB inspections will take place in Hong Kong under a preliminary agreement reached between American and Chinese regulators to avoid delisting.

After a decades-long impasse that led to a threat to kick about 200 Chinese firms off New York stock exchanges, PCAOB inspectors may soon get their first look under the hood of some of China's largest corporations.

The warning follows several businesses switching to U.S. auditors amid an ongoing dispute between regulators in Washington and Beijing.