The Emperor has no clothes: The China workpaper "workaround" gets the WSJ treatment
Smaller audit firms have always worked around China's laws regarding workpaper sharing with U.S. colleagues and the regulators. They're not the only ones.
“As part of our ongoing efforts, this morning, the PCAOB signed a Statement of Protocol with the China Securities Regulatory Commission and the Ministry of Finance of the People’s Republic of China – the first step toward opening access for the PCAOB to inspect and investigate completely registe…