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
Tag: evergrande
Lens projected on intermediaries amid Evergrande debacle
The New York offices of PricewaterhouseCoopers. [Photo/Sipa] PwC, one of the Big Four global accounting firms, is facing a crisis of confidence as it has already lost dozens of Chinese clients recently over its alleged role in auditing bankrupt real estate developer Evergrande Group. The China Securities Regulatory Commission, which slapped a fine of 4.175 … Continue reading Lens projected on intermediaries amid Evergrande debacle