Investors Wary of Chinese Audits

Accounting regulator Doty says China should permit U.S. inspectors to review auditors.

China should permit U.S. inspectors to review auditors in that country to improve investor confidence in the books of U.S.-listed firms, said James Doty, chairman of the Public Company Accounting Oversight Board, which oversees U.S.-registered auditors.

Doty told reporters at a conference in New York yesterday that the market mistrusts the value of the Chinese balance sheet.

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