Central Gov't Pushes Big Banks to Hire Local Auditors
(Beijing) – Beijing is considering tougher measures to compel state-owned banks to hire local auditors, part of its long-term push to strengthen domestic auditing services.
Officials from the Ministry of Finance called executives at Industrial and Commercial Bank of China and the Agricultural Bank of China to ask them to include domestic firms as candidates for their next auditor, several sources with knowledge of the matter said.
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