U.S. Regulators Target CCP Companies For Audit Inspection

According to a report on September 1st, the U.S. Public Company Accounting Oversight Board (PCAOB) has opted for electronic companies such as commerce giant Alibaba Group as targets for auditing that will begin next month.

 PricewaterhouseCoopers (PwC), the accounting firm that oversees Alibaba, has also been notified of an upcoming review of its audit, according to people familiar with the matter. It is unclear how many companies or other Chinese companies will be subject to the first round of inspections.

 Alibaba did not immediately respond to a request for comment. A spokesman for PwC said it was a company policy not to comment on any incidents involving its clients.

 A spokesman for the PCAOB said it would not comment on the inspection, and the China Securities Regulatory Commission (CSRC) also declined to comment.

 U.S. regulators are targeting China’s e-commerce giant JD.com and Yum China, the restaurant giant that operates other foodservices including KFC in China, for audit status checks of U.S.-listed Chinese companies starting next month.

 Both companies have been notified by the PCAOB and are among the first Chinese companies to be inspected in Hong Kong. Their respective accounting firms, Deloitte and KPMG, have also been notified that they will be inspected, according to sources.

 The U.S. has begun to audit and verify the Chinese Communist Party (CCP)’s listed companies in the U.S., and central state-owned enterprises with Chinese background and the regime’s kleptocratic family businesses will have nowhere to hide. The U.S. and the world are gradually waking up, realizing that the essence of the CCP autocracy is to deceive and steal, to buy off and control the outside world through the BGY Tactics (B as blue – control of the internet, G as gold – the money and Y as yellow – the sex/honey trap). 

 Again, we firmly reiterate that only by eliminating the evil CCP can the world return to normal, and the CCP regime absolutely cannot represent the Chinese people.