WASHINGTON—The U.S. securities regulator on Feb. 19 said it was pushing the Big Four accountancy firms to ramp up internal controls on audits of U.S.-listed Chinese companies, especially in light of growing business risks posed by the coronavirus.
The U.S. Securities and Exchange Commission has been locked in a decade-long struggle with the Chinese regime to inspect audits of U.S.-listed Chinese companies. The regulator’s accounting oversight arm, the Public Company Accounting Oversight Board, is still unable to access those critical records, it said.
