Drew Bernstein, co-chairman of MBP, was quoted by South China Morning Post regarding the impact of the Holding Foreign Companies Accountable Act.
South China Morning Post
By Karen Yeung
“The first challenge of auditing Chinese companies is the geographic distance. It is critical that auditors of Chinese companies understand local Chinese customs and business practices. This is one of the reasons why MBP employs more than 100 people in China, in six different cities. Despite new legislation, Chinese companies still have a lot of choices of where they can go public.”