Exclusive: JD.com and Yum China are to be audited by U.S. Regulators

U.S. regulators have selected e-commerce giant JD.com Inc and KFC operator Yum China Holdings Inc to undergo audit checks starting next month, sources familiar with the matter told Reuters.

Image: Gnews The sources told Reuters that these two companies have been notified that they are the first Chinese companies to be inspected in Hong Kong by the U.S. audit watchdog, the Public Company Accounting Oversight Board (PCAOB).

Their respective accountant, Deloitte and KPMG, were also told to conduct audit work checks, said the sources who has declined to be identified for confidentiality reasons.

E-commerce leader, Alibaba Group Holding Ltd (9988.HK), was also selected as reported by Reuters on Tuesday.

None of JD.com (9618.HK), Yum China (9987.HK), KPMG and the China Securities Regulatory Commission responded to requests for comment.

However, a Deloitte spokesman said it was company policy not to comment about a particular company or client.

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Translator: OXV News Team
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