Executive Director Jean-Marc F. Blanchard Interviewed for International Financial Law Review Story on US-China Audit Deal
On August 29, 2022, Dr. Jean-Marc F. Blanchard, Founding Executive Director of the Mr. & Mrs. S.H. Wong Center for the Study of Multinational Corporations, was interviewed by International Financial Law Review (IFLR) for a story on the August agreement between the United States (US) Public Company Accounting Oversight Board (PCAOB) and the China Securities Regulatory Commission (CSRC) that permits, in concept, American regulatory authorities to review freely, in Hong Kong, the audit records of Chinese companies listed on American stock exchanges as well as interview auditors. IFLR asked Dr. Blanchard for his views about the deal’s future. Dr. Blanchard noted that implementation could face challenges because the US Congress may not like the special treatment given to Chinese firms and Beijing’s views of what is deemed sensitive data may change. Furthermore, it is not clear that Hong Kong will truly be a neutral ground for audit reviews or interviews.
The full story appears in Karry Lai “All Eyes on Implementation as US and China Reach Agreement on PCAOB Audits,” International Financial Law Review, August 29, 2022, https://www.iflr.com/article/2ajx56vlugxjixq9jpuyo/all-eyes-on-implement.... Copyright remains with the original holder.