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Auditing Takes Center Stage, Especially in China

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Auditing Takes Center Stage, Especially in China
The PwC Center in Shanghai on Jan. 29, 2022. Fresh signs of contagion are rippling through China's property industry, with a spate of auditor resignations deepening concerns about developers' financial health in the run-up to earnings season. Qilai Shen/Bloomberg via Getty Images
Christopher Balding
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Commentary

The world of financial auditing is rarely the center of attention. In fact, most auditors operate under the simple premise that no news is good news. In China, auditing is at the center of a major problem for real estate developers and the Chinese stock markets in Shanghai and Hong Kong.

Christopher Balding
Christopher Balding
Author
Christopher Balding was a professor at the Fulbright University Vietnam and the HSBC Business School of Peking University Graduate School. He specializes in the Chinese economy, financial markets, and technology. A senior fellow at the Henry Jackson Society, he lived in China and Vietnam for more than a decade before relocating to the United States.
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