A-Power Energy Generation Systems, Ltd.(fka APWR)

[boardname5533]

CSRC's Tong Daochi is positive on accounting oversight cooperation.
'The difficulty is there are some kind of legal issues we need to handle both in China and in other jurisdictions. There are domestic laws and regulations sometimes may have differences interpretations, so we need to solve some of the issues then go through certain procedures before we can deliver the audit papers.

We have engaged with the SEC, SFC, and PCAOB on audit working papers and we are making progress and I think we should be able to work out a way to get them out.'
http://www.chinaaccountingblog.com/weblog/tong-daochi-on-audit-cooper.html
Maybe when all is said and done, both country's regulatory bodies will have made some adjustments to their regulations to both acknowledge, and smooth out cultural differences influencing procedures. Also, hard stances could be softened as part of the process of addressing overlaps and/or gaps in understanding of the generally accepted rules not clearly defined beforehand. Just my guessing out loud. Hopefully all parties will get on the same page going forward with decreasing tolerance for deviation, while working out fair solutions to existing rules with different interpretations not as yet clearly defined.