PwC unit fined in Evergrande accounting fraud

The New York offices of PricewaterhouseCoopers. [Photo/Sipa] Chinese authorities have slapped 441 million yuan ($62.1 million) in penalties and imposed a six-month business suspension on PwC’s auditing unit in the country, after the entity was found to have “covered up and even condoned” fraud at Evergrande Real Estate Group. The China Securities Regulatory Commission said … Continue reading PwC unit fined in Evergrande accounting fraud