Alibaba cites PCAOB's lack of audit access as risk in IPO filing

One of the cited risk factors in Alibaba Group Holding's filing to go public is the possibility that investors could lose confidence in the quality of its reported numbers, as the Public Company Accounting Oversight Board is not permitted to conduct audit inspections in China. The company said in its filing that shareholders "may be deprived of the benefits" that can result from such inspections.

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