Chinese Reverse Merger Cos. Must Audit By The Rules

Law360, New York (May 13, 2011, 3:01 PM EDT) -- On March 14, the Public Company Accounting Oversight Board issued a research note providing new data on reverse merger transactions involving companies from the People’s Republic of China (the PRC), Hong Kong Special Administrative region (the SAR) and Taiwan (together with the PRC and the SAR, the China region).

The research note, entitled, “Activity Summary and Audit Implications for Reverse Mergers Involving Companies from the China region (Jan. 1, 2007, through March 31, 2010),” provides further context to a July 2010 Staff Audit Practice Alert No....
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