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US-listed Chinese companies hit audit trouble, plus Robinhood investigated

Wall Street subway station
Photo: Spencer Platt/Getty Images

PCAOB flags major deficiencies, Robinhood discloses investigation for ‘off-channel comms’.

News you may have missed from the US regulators, week ending Friday May 12, 2023.

PCAOB cites major deficiencies in inspection reports for mainland China, Hong Kong audit firms

On Wednesday, the Public Accounting Oversight Board (PCAOB), the US accounting watchdog, said it found deficiencies in audits of US-listed Chinese companies performed