Congress passed a bill forcing Chinese companies to comply with U.S. audit rules

The House passed a bill last Wednesday that could remove publicly traded Chinese-based companies off U.S. exchanges.

Describe the topic.

Discuss and provide support for:
        The key governing bodies charged with the creation and oversight of the selected topic.
        The authoritative literature (i.e. SASs) related to the topic.
        An analysis of key ethical considerations related to the topic (including theoretical support).

You should have a minimum of 5 references to support your discussion and key points.