In 2020, the US Congress passed the Holding Foreign Companies Accountable Act. This law prohibits trading in an issuers stock if a foreign jurisdiction prevents the Public Company Accounting Oversight Board (PCAOB) from inspecting the companys audit firm for three consecutive years. You are to assess the implications of this law, particularly as it affects Chinse corporations. Please discuss the pros and cons of extending the authority of the PCAOB to foreign jurisdictions.