Key facts
- PCAOB Chairman Demetrios Logothetis visited China last week.
- Logothetis observed inspections of accounting firms in Shanghai.
- Logothetis met with China Securities Regulatory Commission Chairman Wu Qing and Vice Minister of Finance Guo Tingting on October 14.
The head of the U.S. audit watchdog visited China for the first time last week to observe inspections of accounting firms and meet senior financial regulators. Public Company Accounting Oversight Board (PCAOB) Chairman Demetrios Logothetis spent four days in China, observing inspections in Shanghai and meeting China Securities Regulatory Commission Chairman Wu Qing and Vice Minister of Finance Guo Tingting in Beijing on October 14.