Auditors at PwC’s China Unit Said to Face Six-Month Business Ban

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Auditors at PwC’s China Unit Said to Face Six-Month Business Ban - Asia Financial

Quick Summary:

Staff at PwC's Chinese unit face a 6-month business suspension and a large fine for alleged deficiencies in audits of China Evergrande's accounts, sources have said The post Auditors at PwC’s China Unit Said to Face Six-Month Business Ban appeared first on Asia Financial.

PwC has been under regulatory scrutiny for its role in auditing China Evergrande Group since the troubled property developer was accused in March of a $78-billion fraud.

The Financial Times first reported on Thursday that PwC China expected a six-month business ban by Chinese authorities as early as September.