Read this in The Manila Times digital edition.
WASHINGTON, D.C.: A US watchdog said Thursday (Friday in Manila) that it secured "complete access" to inspect Chinese audit firms for the first time, temporarily easing delisting fears for many Chinese companies on American stock exchanges.
The Public Company Accounting Oversight Board's announcement came amid worries that Chinese firms could be taken off United States stock exchanges if they did not comply with audit requirements — a demand that places around 200 businesses at risk.
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