PCAOB inspections of U.S.audit firms operating in China creates challenges because:
A) China requires the PCAOB to come to China to do their inspections
B) The SEC has to work through the China Securities Regulatory Commission to facilitate inspections of U.S.audit firms operating in China
C) China refuses to cooperate on any level with the SEC
D) The SEC requires that U.S.audit firms operating in China transmit all work papers to the U.S.audit firm's headquarters before an inspection can take place
Correct Answer:
Verified
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