U.S. regulatory inspections of audits of Chinese companies listed in the United States have begun and it could be months before the conclusions are known, PwC Global Chairman Bob Moritz said.
A China-U.S. agreement in August allows U.S. regulators, for the first time, to inspect China-based accounting firms that audit New York-listed companies to help resolve a dispute that threatened to boot more than 200 Chinese companies from U.S. exchanges.
