Lawyers Skeptical That US-China Audit Agreement Will Succeed

August 30, 2022 | BY

Jessica Seah

Lawyers also say U.S.-China trade tensions could be further damaged by "reverse CFIUS," a proposed law under which the U.S. government could prohibit investments into China it deems a threat to certain domestic capabilities.

illustration of chinese and US conflict Credit: Slay/Shutterstock.com

(The article was first published on Law.com International.)

Lawyers have serious doubts that an agreement reached between Chinese and U.S. regulators to allow U.S. authorities to vet audits of U.S.-listed companies will pave the way for unfettered access to Chinese issuers' documents, a move that, if successful, could ease commercial tensions between the U.S. and China.

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