The U.S.-China audit showdown, and the decision the Big Four don’t want to make

Are they global, unified giants, or bunches of separate firms at arm’s length from each other?

This is an entry from guest author Michael Rapoport. Michael is a business and financial journalist who specializes in stories about accounting, banking, and financial regulation and a former reporter for The Wall Street Journal. His work has appeared recently in Quartz, Institutional Investor, and Business Insider. Michael is on Twitter as @rapoportmike