In 2015, the SEC reached a settlement with the Chinese branches of the Big Four accounting firms on non-compliance with the PCAOB’s regulation, and the administrative proceeding against these firms was dismissed for four years.[15] Now, four years have passed, and the conflict of regulation remains unresolved.
https://en.wikipedia.org/wiki/Holding_Foreign_Companies_Acco...
https://en.wikipedia.org/wiki/EQUITABLE_Act
https://news.cgtn.com/news/2020-12-03/China-slams-new-audit-...
https://journals.library.columbia.edu/index.php/CBLR/announc...
In 2015, the SEC reached a settlement with the Chinese branches of the Big Four accounting firms on non-compliance with the PCAOB’s regulation, and the administrative proceeding against these firms was dismissed for four years.[15] Now, four years have passed, and the conflict of regulation remains unresolved.