Reuters: Regulatory News: China restructures local operations of "Big Four" auditors

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China restructures local operations of "Big Four" auditors May 10th 2012, 02:22 BEIJING | Wed May 9, 2012 10:22pm EDT BEIJING May 10 (Reuters) - China released new rules for the world's top four auditing firms on Thursday that, among other stipulations, require top executives in their China operations to be Chinese citizens. The rules released by the Finance Ministry said auditing firms must comply with the requirement for those in charge of the Chinese operations to be Chinese citizens within three years.

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