Alibaba (BABA), Baidu.com (BIDU) on Watch as Company Auditors Prepare to be Audited
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Alibaba (NYSE: BABA) and Baidu.com (NASDAQ: BIDU) are on watch Monday as the company's brace for an auditor inspection by the Public Company Accounting Oversight Board (PCAOB), the Wall Street Journal reported over the weekend.
The PCAOB is expected to gain access to work done by auditors of the two companies, the Journal reported citing people familiar with the matter.
Ernst & Young's Beijing affiliate is Baidu’s auditor and PricewaterhouseCoopers' Hong Kong affiliate is Alibaba's.
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