Summary of China hits PwC with six month ban and large fine in record penalty over Evergrande audit
Summary of China hits PwC with six month ban and large fine in record penalty over Evergrande audit
Chinese regulators hit PwC's mainland China unit with a six-month suspension and a record fine of 441 million yuan over its audit of failed property developer China Evergrande Group. The regulators found that PwC's audit work fell below standards and that the firm 'turned a blind eye' to and 'even condoned' Evergrande's fraud.
quoting nevent1q…l5x9China hits PwC with six month ban and large fine in record penalty over Evergrande audit
https://s.yimg.com/ny/api/res/1.2/iUysohx_tTtZRwfOOSsZyA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTczMA--/https://media.zenfs.com/en/reuters.com/49c0dfcc348540604a50009f63c81476
https://finance.yahoo.com/news/china-imposes-six-month-business-081928761.html
Chinese regulators hit PwC's mainland China unit with a six-month suspension and a record fine of 441 million yuan over its audit of failed property developer China Evergrande Group. The regulators found that PwC's audit work fell below standards and that the firm 'turned a blind eye' to and 'even condoned' Evergrande's fraud.