Senate approves bill to require Chinese companies to give PCAOB access to audits

The Senate overwhelmingly approved legislation Wednesday that could lead to Chinese companies such as Alibaba Group Holding Ltd. and Baidu Inc. being barred from listing on U.S. stock exchanges amid increasingly tense relations between the world’s two largest economies.

Original Article Posted at : https://www.accountingtoday.com/articles/senate-approves-bill-to-require-chinese-companies-to-give-pcaob-access-to-audits