House Passes Holding Foreign Companies Accountable Act
Showdown Over Audit Inspections Reaches New Stage On December 2nd, 2020, the House of Representatives unanimously approved a bill that would bar Chinese companies from trading in the U.S....
Continue Reading
Could the SPAC craze come to Hong Kong?
Four special purpose acquisition companies (SPACs) headquartered in Hong Kong carried out an initial public offering in the United States this year. Highlights from a keynote speech on...
Continue Reading
SPACs | A Guide for Management
While special purpose acquisition companies (SPACs) have existed since the early 1990s, these investment vehicles have gained popularity in recent years. SPAC IPOs have raised over $49...
Continue Reading
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...
Continue Reading
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...
Continue Reading
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...
Continue Reading
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...
Continue Reading
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...
Continue Reading
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...
Continue Reading
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...
Continue Reading.png?width=643&name=Now%20is%20(643%20%C3%97%20159%20px).png "Now is (643 × 159 px)")