U.S. regulators have begun examining audits in China, kicking off a months-long process that will determine whether companies from Alibaba Group Holding Ltd. Fort Chinese Yum Holdings Inc. may still be listed on US stock exchanges.
The examination, which is expected to last eight to 10 weeks in Hong Kong, will allow the US audit watchdog to decide by the end of the year whether China will respect a landmark agreement to provide US accounting inspectors with full access to the audit work papers of Chinese companies listed in New York.
