In the U.S. -listed Chinese enterprise audit, it is not up to the standard. China clai

(Washington/Beijing/Hong Kong News) In the first inspection of the Accounting Supervision Committee of the U.S. listed company (PCAOB) in mainland China and Hong Kong, it was found that there were major audit defects in Chinese companies listed in the United States.The China Securities Supervision and Administration Commission (CSRC) responded that he was willing to promote audit supervision and cooperation with the United States to safeguard the rights and interests of global investors.

PCAOB released the above survey report on Wednesday (10th).Comprehensive Reuters and Wall Street Journal reported that PCAOB pointed out that there were unacceptable defects in Chinese companies listed in the United States when they listed in the United States.

PCAOB found that all of the four audit business in KPMG; three of the four audit businesses of Luo Bing Xianyong Dao have partial defects.Audited companies include large state -owned enterprises and sensitive industry companies.

The Wall Street Journal reported that when KPMG audited a customer company that did not disclose the name, it was found that there was a risk of fraud in the diary score.

PCAOB Chairman Williams said that the defects were so large that PCAOB staff believed that the two accounting firms failed to obtain sufficient appropriate audit evidence to support the financial statements of those listed companies.

She said that many potential defects were found in Chinese audit, which was similar to the survey results obtained by PCAOB in other countries for the first time in other countries.After finding the problem, the relevant companies will be instructed to face up and correct the error.

PCAOB has been negotiated for more than ten years with Chinese officials, and was first obtained for the first time of the audit authorization of mainland China and Hong Kong companies last year.It is reported that obtaining the authority of the review has led about 200 Chinese companies listed in the United States to reduce the risk of delisting.

The China Securities Regulatory Commission issued a statement that the defects found in the first audit inspection in the U.S. regulators are normal, and Beijing will continue to cooperate with the United States.

Pwa Yongdao said that it is cooperating with PCAOB to solve the problem, and the inspection report marks an important milestone in Sino -US cooperation.KPMA Veylin said in a statement that measures have taken measures to solve the problems found by PCAOB.

Reports quoted Williams that KPMV and PwC were responsible for the audit of mainland China and Hong Kong companies listed in the United States.