KPMG has transferred audit documents on Chinese companies to US regulatory authorities, its Hong Kong-based chairman Michael Andrew said on Thursday, The Wall Street Journal reported. KPMG granted “controlled access, not full access, in cases where the governments agree,” said Andrew. The move should allow the US to investigate possible accounting irregularities by US-listed Chinese firms and is part of a deal reached in May that allows the US access to audit firms’ documents about their Chinese clients, handed over to the US through Chinese regulators. US investors have lost billions investing in US-listed China firms that suffered from accounting irregularities.