© Reuters. FILE PHOTO: The flags of the United States and China fly from a lamppost in the Chinatown neighborhood of Boston, Massachusetts, U.S., November 1, 2021. REUTERS/Brian Snyder
NEW YORK (Reuters) – The U.S. Public Company Accounting Oversight Board on Thursday said it has determined that it has full access to inspect and investigate firms in China for the first time in history.
The U.S. accounting watchdog said it exercised sole discretion to select firms for audit and had selected two, KPMG Huazhen LLP in China and PricewaterhouseCoopers in Hong Kong.
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