PwC, Evergrande
China fines PwC $62 million for its role in the Evergrande collapse
Chinese regulators have hit PwC’s auditing unit in mainland China with a six-month business suspension and a record fine of 441 million yuan ($62 million) over the firm’s audit of troubled property developer China Evergrande Group.
China Fines PwC $62 Million for Botching Its Work for Evergrande
Authorities also imposed a six-month suspension on the local operations of the global firm, which was once one a dominant auditing firm in China.
PwC China Hit With Six-Month Ban Over Evergrande Crisis
Chinese regulators said the firm failed to maintain professional skepticism for its work related to the country’s recent real-estate bust.
China hands PwC a 6-month ban and fine over audit of the collapsed developer Evergrande
Chinese authorities have banned the accounting firm PwC for six months and fined it over $56 million for its involvement in the audit of collapsed local property developer Evergrande.
China Levies Record Penalty on PwC Over Evergrande Fraud
China halted some of PricewaterhouseCoopers LLP’s business for six months for its role in auditing China Evergrande Group.
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 ($62 million) on Friday over the firm's audit of failed property developer China Evergrande Group .
China gives auditing firm PwC a 6-month ban and fine over audit of collapsed property developer Evergrande
China gives auditing firm PwC a 6-month ban and fine over audit of collapsed property developer Evergrande. 24/7 coverage of breaking news and live events
China fines accounting firm PwC $62M, suspends operations for 6 months
China's Securities Regulatory Commission and Ministry of Finance Friday fined accounting giant PwC $62 million and suspended the company for six months for allegedly enabling fraud by the Evergrande Group.
China Imposes Fines, Six-Month Ban on PwC Over Evergrande Illegal Auditing Work
China's Ministry of Finance on Friday imposed an administrative penalty of 116 million yuan (about 16.35 million U.S. dollars) and a six-month business suspension on PricewaterhouseCoopers (PwC), a global accounting firm,
Evergrande Liquidators Seek to Wind Up Unit With Key Assets
Liquidators of China Evergrande Group, the world’s most indebted builder, are returning to a Hong Kong court as they attempt ...
Chinese Regulators Issue PwC With Fine and Suspension Over Evergrande Failures
The fines and business suspension marks the most severe action taken against any accounting firm by Chinese regulators.
Exclusive: Evergrande Chairman kept in special Shenzhen detention center
HONG KONG, Sept 12 (Reuters) - Hui Ka Yan, the chairman of China Evergrande Group (3333.HK) - the company at the centre of ...
The Financial Times3d
PwC China stops work on $140mn campus as Evergrande crisis mounts
The unit was Evergrande’s longtime auditor and gave its accounts a clean bill of health, but Chinese authorities announced this year that the developer’s mainland subsidiary had inflated ...
CNN7d
China fines PwC $62 million for its role in the Evergrande collapse
The CSRC said in a separate statement that it had confiscated PwC Zhong Tian’s revenue involved in the Evergrande case totalling 27.7 million yuan and fined the unit 297 million yuan.