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1 day ago · Chinese authorities have banned the accounting firm PwC for six months and fined it over 400 million yuan ($56.4 million) over its involvement in the audit of collapsed property developer Evergrande.
1 day ago · Hengda is the principal subsidiary of China Evergrande Group. “It is not representative of what we stand for as a network and there is no room for this at PwC,” he said.
10 hours ago · Chinese regulators hit PwC's mainland China unit with a six-month suspension and a record fine of 441 million yuan ($62 million) on Friday over the firm's audit of failed property developer China ...
14 hours ago · Chinese authorities have been examining PwC's role in the accounting of Evergrande's Hengda Real Estate since the securities regulator accused the developer in March of a $78-billion fraud over a ...
1 day ago · FILE PHOTO: China Evergrande Group Chairman Hui Ka Yan attends a news conference on the property developer's annual results in Hong Kong, China March 28, 2017.
4 days ago · PwC has been in focus over its role in auditing China Evergrande Group which was accused of a $78 billion fraud, triggering a client exodus, cost cuts and layoffs. Previously, Chinese regulators were expected to impose a six-month business suspension on a big part of PWC's auditing unit in mainland China, as a penalty for its work on troubled ...
17 hours ago · China's finance ministry said PwC issued "false audit reports" of Evergrande and that the audit procedures had “serious defects” in design and implementation, leading to many false conclusions.
