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SubscribeReadout: PCAOB Chairman Jim Logothetis Meets With Counterparts in China
Last week, PCAOB Chairman Demetrios (Jim) Logothetis concluded a four-day working visit to mainland China. In Shanghai, Chairman Logothetis observed a PCAOB inspection and met with Consul General Christian Marchant. He is the first PCAOB Chairman to observe a PCAOB inspection in China. In Beijing, he met with U.S. Ambassador David Perdue, China Securities Regulatory Commission Chairman Wu Qing, and Ministry of Finance Vice Minister Guo Tingting.
In Chairman Logothetis’ meetings with Chinese counterparts, topics of discussion included ongoing cooperation in audit oversight and the importance of the PCAOB's continued complete access to audit firms and audit work papers in China. The discussion also included an exchange of views on the importance of audit quality in global capital markets and effective and transparent regulatory oversight during a time of change.
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About the PCAOB
The PCAOB is a nonprofit corporation established by Congress to oversee the audits of public companies in order to protect investors and further the public interest in the preparation of informative, accurate, and independent audit reports. The PCAOB also oversees the audits of brokers and dealers registered with the Securities and Exchange Commission, including compliance reports filed pursuant to federal securities laws.