PCAOB signs pact with China to allow audit inspections
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The Public Company Accounting Oversight Board has signed a long-awaited deal with the China Securities Regulatory Commission and China's Ministry of Finance, and more of today’s top stories.
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PCAOB signs pact with China to allow audit inspections
Under the agreement, inspectors will be able to see complete work papers without any redactions and select any issuer audits.
In other news today:
Deloitte sees diversity improving at senior levels
The Big Four firm is making progress on its diversity goals, welcoming the most diverse incoming class of partners, principals and managing directors in its 177-year history.
SEC publishes draft strategic plan through 2026
The Securities and Exchange Commission submitted a fiscal report for public comment with three main goals for the next four years.
Baker Tilly to acquire Management Partners
The deal will boost Baker Tilly's public sector practice, adding a group of former local government leaders and managers with decades of experience.
IRS will wipe away $1.2B in late fees from pandemic
The tax agency will automatically issue the refunds or credits for most of the fees by the end of September.
Tax Fraud Blotter: Clip joints
Turn Two-timer; framed; the 30% solution; and other highlights of recent tax cases.