Unfazed by Regulatory Risks, Chinese Companies Upsize U.S. IPOs in Q3
Q3 IPO proceeds up by 350% to $5.9 billion YoY Sustaining momentum may require clarity on listing and audit standards Despite a directive from a White House working group that could lead...
The Year of the SPAC
With $40 Billion of Capital Available, Will SPACs Become a Viable Alternative to the Traditional IPO? Amid this year’s white-hot IPO market, the SPAC, or special purpose acquisition...
White House Weighs in on China Audit Conundrum
Can the “co-audit” concept untangle PCAOB inspection impasse? On August 7th, the President's Working Group on Financial Markets weighed in on the dangers that investing in Chinese companies...
Auditors Face Access Challenges as COVID Pandemic Drags On
The COVID-19 pandemic has created novel challenges for the audit profession that could have lingering impacts on the quality and reliability of independent accounting firm’s work if not...
Despite Risks, Chinese Companies Continue to Flock to U.S. Exchanges
Reading the headlines, one would think that this would be the worst of all possible moments for a Chinese company to contemplate a U.S. IPO. Tensions over issues ranging from trade to...
Is China Getting Serious About Accounting & Governance?
CSRC signals open to international cooperation on inspections For years I have heard a familiar refrain from American investors: They would love to be able to participate in China’s...
U.S. Senate Passes Law to Enforce PCAOB Inspections
On May 20th, the U.S. Senate passed legislation to force Chinese issuers to comply with inspections by the Public Accounting Oversight Board (PCAOB) and to certify that they are not owned...
NASDAQ Tightens Rules for Smaller Chinese IPOs
On May 18th, NASDAQ proposed new rules for IPOs from “Restrictive Markets” that would raise the bar for smaller Chinese companies seeking to complete an initial public offering on the U.S....
Life Post-COVID
Does China Foreshadow What U.S. Businesses Can Expect? Even as the U.S. government extended social distancing guidelines through the end of April, China is announcing the success of its...
Guidance in the Season of the COVID-19 Virus
As the Dow Jones officially entered bear market territory and the WHO declared COVID-19 to be a pandemic, over 150 companies have lowered or withdrawn their earnings guidance as of March...
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