China Auditors See Settlement Nearing in Standoff With SEC
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U.S. regulators and Chinese affiliates of the four largest accounting companies said they can probably reach an agreement within a few months to end a standoff over access to audit documents belonging to the firms’ clients.
Representatives of the U.S. Securities and Exchange Commission and the four firms said they don’t expect to need more than 70 additional days for settlement talks, according to an administrative order posted on the agency’s website.