Company: ABLV
Filing Date: 2025-02-14
Form Type: F-3
Source: 0001213900-25-014400
Chunk: 11

Company: Able View Global Inc.
Filing Date: 2025-02-14
Form: F-3
Chunk 11
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PCAOB audits from three to two consecutive years. On December 29, 2022, the Consolidated Appropriations Act, 2023 (the “CAA”)
was signed into law, which officially reduced the number of consecutive non-inspection years required for triggering the prohibitions
under the HFCAA from three years to two, thus, would reduce the time before an applicable issuer’s securities may be prohibited
from trading or delisted. On December 16, 2021, the PCAOB issued a report to notify the SEC its determinations that is the PCAOB
was unable to inspect or investigate completely registered public accounting firms headquartered in mainland China and Hong Kong,
respectively, and identifies the registered public accounting firms in China and Hong Kong that are subject to such determinations.
Able View’s auditor, Marcum Asia CPAs LLP, an independent registered public accounting firm is headquartered in Manhattan, New York,
was not included in the determinations announced by the PCAOB on December 16, 2021, as it is not on the list published by the PCAOB.
Able View’s auditor is inspected by the PCAOB on a regular basis. On August 26, 2022, the PCAOB announced and signed a Statement
of Protocol (the “Protocol”) with the China Securities Regulatory Commission and the Ministry of Finance of the People’s
Republic of China. The Protocol provides the PCAOB with: (1) sole discretion to select the firms, audit engagements and potential
violations it inspects and investigates, without any involvement of Chinese authorities; (2) procedures for PCAOB inspectors and
investigators to view complete audit work papers with all information included and for the PCAOB to retain information as needed; (3) direct
access to interview and take testimony from all personnel associated with the audits the PCAOB inspects or investigates. On December 15,
2022, the PCAOB issued a new Determination Report which concluded that it was able to inspect and investigate completely PCAOB-registered accounting
firms headquartered in mainland China and Hong Kong in 2022, and the PCAOB vacated the December 16, 2021 Determination Report.
Should the PCAOB again encounter impediments to inspections and investigations in mainland China or Hong Kong as a result of positions
taken by any authority in either jurisdiction, including by the CSRC or the MOF, the PCAOB will make determinations under the HFCAA as
and when appropriate. However, whether the PCAOB will