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 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 unit fined in Evergrande accounting fraud
Based on China's Securities Law, the commission confiscated the auditing unit's revenue involved in the Evergrande case of 27.74 million yuan and fined it 297 million yuan — totaling about 325 million yuan, which, according to the commission, was a "record-breaking" punishment against auditing firms.
China Fines PwC $62 Million, Suspends Business Over Evergrande Audit Failures
Chinese regulators have imposed a six-month business suspension and a record fine of 441 million yuan ($62 million) on PwC’s auditing unit in mainland China for its flawed audit of the troubled property giant China Evergrande Group.
China Hits PwC with Blockbuster Fine and Suspension over Evergrande Audit
Chinese regulators have imposed a six-month business suspension and a record fine of 441 million yuan on PwC's auditing unit over its audit of China Evergrande Group. The penalties aim to promote standardized audit practices and have widespread implications on China's auditing market.
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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Trading Halt Shakes China Evergrande New Energy Vehicle Sector
China Evergrande New Energy Vehicle (NEV) has issued a trading halt, disrupting market activities. This development adds to the ongoing difficulties faced by Evergrande Group, impacting its ventures ...