A major fraud at Chinese company Luckin Coffee in 2020 has raised questions whether Chinese firms with shares listed on the New York Stock exchange or NASDAQ should be required to undergo the same audit inspections by the PCAOB that is applied to United States listed firms. Luckin Coffee was listed in The United States but disclosed that its chief operating officer fabricated the company's 2019 sales by 2.2 billion yuan ($310 million) as a result the company shares were delisted by NASDAQ and Luckin was fined 180 million