Avaya Holdings Corp. is nearing a chapter 11 bankruptcy filing to restructure its balance sheet as it looks to turn around its business and move past problems surrounding the company’s accounting, peo...
Tag: internal control
Macau Under Spotlight Amid U.S. Inspections of China-Based Audits
A recent agreement between Washington and China allowing U.S. accounting regulators to inspect China-based audits is raising questions about the role of unregistered auditors in the Chinese gambling e...
Audits of Chinese Companies Start to Face U.S. Inspections
Updated Sept. 22, 2022 3:45 pm ET Listen to article (2 minutes) U.S. regulators have started inspecting China-based audits, kicking off a monthslong process that will determine whether companies from ...
Alibaba and JD.com Stocks Are Rising. Let the U.S. Audits Begin.
Text size Investors in Alibaba and other U.S.-listed Chinese stocks crave regulatory clarity. Greg Baker/AFP via Getty Images Shares of Alibaba and JD.com were rising Wednesday following a report that...
Tether Says Audit Is Still Months Away as Crypto Market Falters
This year’s slump in digital assets is pressuring crypto companies to show investors that their money is safe. So far, they haven’t delivered. Many crypto companies lack the basic financial guardrails...
China’s GigaCloud Goes Public in U.S., Bucking Delisting Trend
E-commerce company GigaCloud Technology made its debut on the Nasdaq Stock Market on Thursday, a rare instance of an initial public offering by a Chinese company in the U.S. as the two countries head ...
SEC Adds Alibaba to List of Chinese Companies Facing Delisting
NEW YORK—The U.S. Securities and Exchange Commission on Friday added Alibaba Group Holding to a list of Chinese companies at risk of being delisted from the U.S. exchanges if their auditors can’t be i...