香港

Hong Kong auditors trapped by US-China dispute

A Hong Kong auditor sanctioned by the US this week said it tried repeatedly to get Beijing to let it hand over the papers that caused its American registration to be revoked.

The dispute points to difficulties for mid-tier accounting firms trying to service US-listed Chinese clients more than three years after Beijing and Washington struck a deal on the information that auditors can share with the US.

This week, the Public Company Accounting Oversight Board, the US accounting watchdog, said it had revoked the registration of Crowe Horwath HK to audit US-listed companies after the firm failed to produce documents, including internal working papers related to audits, as part of an investigation by the regulator.

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