Who audits? GM & Walmart…."some of the audit work is done by Chinese firms that U.S. regulators are barred from inspecting."

American companies like GM & Walmart hire CHINESE AUDITORS and then we have no oversight of those CHINESE AUDITORS!!!!!!!

"At nearly 100 U.S.-based multinationals that do business in China, including giants like Walmart and General Motors Co., some of the audit work is done by Chinese firms that U.S. regulators are barred from inspecting. Investors and regulators have no way of making sure that these companies’ tens of billions of dollars of Chinese business have been properly vetted to prevent errors or fraud."

https://www.institutionalinvestor.com/article/b1mlyjys554sgd/They-d-Find-Fraud-Fraud-Fraud

>>10161166

In May 2020 Senate Bill 945, known as the Holding Foreign Companies Accountable Act, was promoted by its co-sponsor, Republican Senator John Kennedy of Louisiana, as a bill that would “kick deceitful Chinese companies off U.S. exchanges.”

https://www.kennedy.senate.gov/public/_cache/files/0/4/04065c9e-9ae9-482c-952b-3380781545c5/B51AE5FF25469574442B23D689389132.05-20-20-holding-foriegn-companies-accountable-act.pdf