1. Double-entry book-keeping.
- Subjects
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BOOKKEEPING , *ACCOUNTS , *ACCOUNTING , *BUSINESS enterprises ,CHINA-United States relations - Abstract
The article informs that Chinese government has softened its regulations by allowing the U.S. inspections of Chinese accounting papers. It mentions the move comes after considering the review by foreign regulators of accounting documents drawn up in China for Chinese companies listed outside the mainland as an infringement on sovereignty, potentially punishable by death. It also mentions an American law from 2020 could eventually force Chinese stocks off New York's exchanges.
- Published
- 2022