Chinese Reverse Merger Cos. Must Audit By The Rules
May 13, 2011, 3:01 PM EDT
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....
Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.