US Accounting Regulators Demand Complete Access to China-Based Audits

The logo for Alibaba Group is seen on the trading floor at the New York Stock Exchange in Manhattan, New York, on Aug. 3, 2021. Andrew Kelly/Reuters

The U.S. accounting audit regulator delivered a warning regarding the integrity and complete access to work papers of accounting firms of New York-listed Chinese companies.

Public Company Accounting Oversight Board (PCAOB) Chair Erica Williams made the remarks on Sept. 22 at the Council of Institutional Investors (CII) Fall Conference.