According to the U.S. Bureau of Labor Statistics, nearly 1.4 million accountants and auditors work in the United States. In 2017, the Internal Revenue Service (IRS) collected $3.4 trillion in taxes, paid $436 billion in tax refunds and audited $1.1 million tax returns.

These auditors help keep tabs on thousands and thousands of businesses across the nation, but their work also extends overseas.

When it comes to monitoring businesses domestically, the U.S. Exchange and Securities Commission brings hundreds of civil enforcement actions against both individuals and companies suspected of violating securities laws.

For three decades, the SEC has also been stepping up its cooperation with overseas regulators in countries such as China.

China is currently the United States’ largest trading partner with $578 billion in total (two-way) goods trade during 2016 alone. China is also the world’s largest economy in terms of purchasing power and is the largest foreign holder of U Continue reading How the SEC Plays An Important Role in America-Chinese Trade Relations →