The rule provides a framework for implementing a new law that could result in the delisting of Chinese companies from U.S. exchanges.
The regulator indicated how it will implement a law aimed at delisting Chinese companies that do not meet U.S. auditing standards.
A bipartisan bill could result in Chinese firms being delisted from U.S. exchanges if they do not submit their audit reports to U.S. regulators.
An employee at the accounting oversight board leaked news of upcoming inspections to a former PCAOB employee who'd moved to the audit firm.
