Chinese firms need to provide accounts


US and Chinese regulators are set to go head-to-head in the next few months over differences in their accounting standards.

The US Securities and Exchange Commission (SEC) is investigating potential fraud by Chinese companies publicly listed in the US.

The SEC has accused the Chinese affiliates of the "Big Four" accounting firms - Deloitte Touche, Ernst & Young, KPMG and PricewaterhouseCoopers - and smaller rival BDO of withholding information.

Jame DiBiasio, editor of AsianInvestor magazine, said if companies cannot provide detailed accounts and they want to be listed overseas, they face a "major blockage".

Copyright © 2015 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.