U.S. Eyes Audits in Hard Line on China Delistings

U.S. Eyes Audits in Hard Line on China Delistings

Assessment

Interactive Video

Business

University

Hard

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The video discusses the issue of audit access for Chinese companies listed in the US, highlighting the PCAOB's requirement for audit inspections. It covers the historical context of the legislation, the stance of Washington, and the response from the Chinese government. The PCAOB insists on equal rules for all companies, while Chinese companies cite security concerns. The situation escalated in 2020 with a law mandating delisting for non-compliance, and recent statements indicate ongoing negotiations.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What recent actions have been taken by the PCAOB regarding Chinese companies?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the significance of the PCAOB's requirement for access to audits?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What reasons have Chinese companies given for resisting audits?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What law was passed by Congress in 2020 concerning the delisting of companies?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

How did the Chinese Government respond to the PCAOB's statements?

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