PwC Hit With Big Fine, Suspension for China Evergrande Fiasco

Quick Summary:

National securities regulator rebukes PwC Zhong Tian LLP, saying it helped cover up and "even condone" a huge $78-billion fraud in audits of property giant

The post PwC Hit With Big Fine, Suspension for China Evergrande Fiasco appeared first on Asia Financial.

Over the past few months, a growing number of Chinese clients has been leaving PwC, mainly state-owned enterprises and financial institutions, following the launch of the regulatory investigation into the firm.

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Article Details

Author / Journalist: Jim Pollard

Category: InvestingBusiness

Markets: Hong KongAustraliaChinaThailand

Topics: Regions Asia World ESG Market Insights Real Estate

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-13 @ 11:53:25 (1 days ago)

News Timezone: GMT +8:00

News Source URL: asiafinancial.com

Language: English

Article Length: 550 words

Reading Time: 4 minutes read

Sentences: 20 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Asia Financial

News ID: 22492829

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