United States of America: PCAOB report confirming complete access to inspect, investigate Chinese firms under Holding Foreign Companies Accountable Act

Progress

Current status
concluded
15 Dec 2022 concluded
16 Dec 2021 under deliberation

Scope

Implementers
United States of America
Policy Area
Data governance
Policy Instrument
Cross-border data transfer regulation
Regulated Economic Activity
cross-cutting
Government Branch
executive
Government Body
other regulatory body
Implementation Level
national

Timeline of events

15 Dec 2022
concluded

Issued PCAOB report confirming complete access to inspect investigate registered public accounting firms headquartered in China

On 15 December 2022, the Public Company Accounting Oversight Board (PCAOB) issued a report under the Holding Foreign Companies Accountable Act of 2020 (HFCAA) stating that it is able to inspect and investigate all the public accounting firms establi…

Source
Event type inquiry
Action type closure
Government branch executive
Government body other regulatory body
16 Dec 2021
under deliberation

Published PCAOB report noting inability to inspect registered public accounting firms headquartered in China

On 16 December 2021, the Public Company Accounting Oversight Board (PCAOB) issued a report under the Holding Foreign Companies Accountable Act of 2020 (HFCAA) stating that it is not able to inspect and investigate the public accounting firms establi…

Source
Event type inquiry
Action type announcement
Government branch executive
Government body other regulatory body