China has historically been considered a high risk location for multi-national companies. An analysis of publicly available information determined that in the past five years alone, there have been 29 actions by U.S. enforcement agencies alleging FCPA violations involving China.
Entries in PwC (6)
China has chosen seven audit firms including PwC, BDO, and Grant Thornton to examine the overseas assets of major state-owned enterprises (SOEs) following an open tender held last month.
The U.S. Securities and Exchange Commission’s (SEC) may finally be winning its long battle to convince China to hand over audit papers of companies under investigation in the U.S.
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