PWC says US audit report is 'important milestone' in US, China relations

Kitco Media
By Reuters
Published:
Updated:
Reuters
NEW YORK, May 10 (Reuters) - Pricewaterhousecoopers in Hong Kong on Wednesday said it is working with the U.S. Public Company Accounting Oversight Board to address issues U.S. inspectors found in its audits. The auditor said in a statement that the inspection report is "part of an important milestone in cooperation between China and U.S. regulators and for U.S. capital markets." The firm also noted that though the PCAOB raised a number of issues, the agency's report stated that none of the issues were found to have an incorrect opinion on financial statements. (Reporting by Chris Prentice; Editing by Chizu Nomiyama)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.