China urges soes to drop big four auditors
WebFeb 22, 2024 · While offshore subsidiaries are allowed to use the global auditors, their parent firms were urged to hire local Chinese or Hong Kong accountants when contracts come up, one of the people told Bloomberg. China’s Ministry of Finance and the Big Four firms did not immediately respond to Reuters requests for comment. WebGetting shut out of Chinese state-owned business would be a blow to the accounting firms. The Big Four earned combined revenue of 20.6 billion yuan ($3 billion) from all Chinese clients in 2024, according to the finance ministry. Some 60 Hong Kong-listed companies with Chinese headquarters — state-owned and private — have changed auditors ...
China urges soes to drop big four auditors
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WebFeb 22, 2024 · China's Ministry of Finance is among government entities that gave window guidance to some state-owned enterprises as recently as last month, urging them to let … WebAug 29, 2024 · Beijing has conceded to U.S. demands which could theoretically let $1.5 trillion of New York equities skip delisting. However, a large swathe of Chinese …
WebFeb 22, 2024 · Feb 22 (Reuters) - Concerns about data security have prompted Chinese authorities to ask state-owned firms to stop using the four biggest global accounting … WebChina Urges SOEs to Drop Big Four Auditors. Chinese authorities are urging state-owned firms to phase out use of the four biggest international accounting firms, even after Beijing reached a landmark deal to allow US audit inspections on hundreds of Chinese firms listed in New York. Kiuyan Wong reports on Bloomberg Television.
WebFeb 23, 2024 · China urges state firms to drop big four auditors on data risk China is seeking to rein in the influence of the US-linked global audit firms and ensure the nation’s data security WebFeb 22, 2024 · Watch China Urges SOEs to Drop Big Four Auditors - Bloomberg Bloomberg Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers...
WebFeb 22, 2024 · China Urges SOEs to Drop Big Four Auditors. February 22, 2024 at 09:39 am. (MT Newswires) -- Chinese authorities are urging state-owned firms to phase out use of the four biggest international accounting firms even after Beijing reached a landmark deal to allow US audit inspections on hundreds of Chinese firms listed in New York.
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