U.S. Audit Inspectors Heading to China After Landmark Agreement

WASHINGTON—U.S. regulators could know by Thanksgiving if Beijing is complying with an agreement designed to allow Chinese companies to continue trading on American stock exchanges.

Inspectors from the U.S. Public Company Accounting Oversight Board are preparing to travel to Hong Kong to begin reviewing the audit files of publicly traded Chinese companies, Securities and Exchange Commission Chairman Gary Gensler told lawmakers Thursday. The PCAOB is a nonprofit created by Congress and overseen by the SEC.

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