PwC loses major client Bank of China amid regulatory probe

Quick Summary:

PwC has seen an exodus of clientele amid a probe into its work on China Evergrande.

Since at least April, regulators have asked several large state-owned clients of PwC to drop the auditor, sources have said.

About half of the corporate clients that have dropped PwC have been snapped up by EY and KPMG, the Reuters examination of filings shows.

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Article Details

Category: EconomyBusiness

Markets: SingaporeChinaHong Kong

Topics: Plans Been Investigation State-owned Regulatory Years Filings Auditor Auditing Evergrande China

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-20 @ 13:02:00 (9 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 474 words

Reading Time: 3 minutes read

Sentences: 26 lines

Sentence Length: 19 words per sentence (average)

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

Copyright Owner: © The Straits Times

News ID: 22175626

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Main Topics: EconomyBusiness

Official Website: straitstimes.com

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