Alibaba and are the first Chinese listed companies to be audited by the US

Reuters reports ,
U.S. regulators notified Chinese companies listed in the U.S., including Alibaba, and Yum, to begin audit inspections in September, becoming the first companies to be audited in Hong Kong by the PCAOB (Public Company Accounting Oversight Board). PricewaterhouseCoopers will assist in the inspection of the relevant audit work. Last week, China and the United States reached an agreement on the audit of Chinese concept stocks, but in terms of details, the two sides have different interpretations.

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