HONG KONG : U.S. regulators have selected e-commerce giant Alibaba Group Holding Ltd and other U.S.-listed Chinese companies for audit inspections starting next month, three sources familiar with the matter said.
Alibaba has been notified that it is among the first batch of Chinese companies whose audits will be inspected by the U.S. audit watchdog - Public Company Accounting Oversight Board - in Hong Kong, the sources told Reuters. Alibaba and the PCAOB did not immediately respond to a request for comment. A PwC spokesperson said it was company policy not to comment on any client matters.
Source: News Formal (newsformal.com)
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