by Ken Rankin Washington — Some, but not all, foreign accounting firms that audit U.S. corporations will be inspected by their home country regulators, rather than by U.S. officials, under new rules approved by the Public Company Accounting Oversight Board last month.

The new standard is designed to soothe international concerns that the new Sarbanes-Oxley accounting reforms are unnecessarily burdensome for non-U.S. audit firms.

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