简体版
China Securities Regulatory Commission and the Ministry of Finance Enter into Enforcement Cooperation Agreement with Public Company Accounting Oversight Board
24-05-2013

Beijing, May 24th, 2013 -- China Securities Regulatory Commission (CSRC) today announced that it has entered into a Memorandum of Understanding (MOU) on Enforcement Cooperation with the Ministry of Finance (MOF) and the Public Company Accounting Oversight Board (PCAOB).

 

The MOU establishes a cooperative framework between the parties for the production and exchange of audit documents relevant to investigation in both countries' respective jurisdictions. The signing of the MOU is a significant step in China-U.S. audit oversight cross-border enforcement cooperation, and paves way for cross-border enforcement assistance between the two countries.

 

The CSRC and MOF have made continuous efforts in cracking down violations and maintaining market integrity. With authorities granted by laws and regulations, the CSRC and MOF have been actively engaged in cross-border cooperation with overseas regulators, so as to fulfill its commitments to investors and the sound development of world capital markets.

 

In addition to developing an enforcement MOU, the concerning departments of the CSRC and MOF will continue discussion with the PCAOB for a mutually recognized way of regulating Chinese accounting firms that provide auditing service to companies trading on U.S. exchanges. 



Contact Us | Related Links | Legal Notice | Sitemap
Add:Focus Place 19,Jin Rong Street,West District Beijing 100033
© 2008 China Securities Regulatory Commission All Rights Reserved
Best viewed at 1024*768 screen resolution with Internet Explorer 6.0