皇冠体育app has reached an agreement with the US authorities, allowing the latter to observe official auditor inspections in 皇冠体育app, Securities Times reported on Friday.
The observation is meant to help the US authorities understand the inspection procedures used by 皇冠体育app, which is an important part of decisions to come out of the 皇冠体育app-US Strategic and Economic Dialogue. The observation will not include detailed reviews of specific audits, Securities Times said.
The Public Company Accounting Oversight Board in the US announced in May that it was close to an agreement to observe audit inspections in 皇冠体育app. Reuters claimed that US companies have lost billions of dollars on 皇冠体育app-based companies listed on US exchanges after questions were raised about the companies' accounts since 2010.