Given how young the auditing industry is in China , they have few local employees who are ready to be senior partners . Foreign auditing firms also have to have a Chinese national as their chief executive in China . The regulations aim at localising mainland operations of foreign auditing firms and limiting controversy . Over the past years , China saw numerous allegations against Chinese companies listed in overseas markets .
Foreign auditing firms also have to have a Chinese national as their chief executive in China . The regulations aim at localising mainland operations of foreign auditing firms and limiting controversy . Over the past years , China saw numerous allegations against Chinese companies listed in overseas markets .