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.
PwC China stops work on $140mn campus as Evergrande crisis mounts
Lavish training institute on tropical island under review as firm reels from fallout from its audits of failed property developer
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 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 .
PwC faces record fine over Evergrande audit in China
The China Securities Regulatory Commission (CSRC) fined PwC Zhong Tian $46m, highlighting that 88% of the firm's observation records on Evergrande's real estate projects in 2019 and 2020 were found to be "inauthentic or untrue."
PwC probe spotlight shifts to Hong Kong after record China fine over Evergrande audit
Hong Kong’s accounting regulator can mete out as much as $1.7 million in fines if it disciplines PwC. Read more at straitstimes.com.
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,
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 ...
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Evergrande's Hui in detention center in Shenzhen: sources
Hui Ka Yan, the chairman of China Evergrande Group - the company at the center of the country's property sector crisis - has ...
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CHINA EVERGRANDE GROUP (EGRNF)
Its dollar bonds are being bid at below 6 cents on the dollar. China Evergrande Group's offshore bondholder group said on Monday it was surprised by the property developer's recent announcement ...