China Evergrande, PwC
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.
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 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 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.
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 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 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 400 million yuan ($56.4 million) over its involvement in the audit of collapsed property developer Evergrande.
UK accounting giant PwC faces six-month China ban
PwC's Chinese arm has been suspended from the country for six months over its work on the collapsed Chinese property giant Evergrande. The Big Four accountancy firm is also being fined more than $62m (£47m) after Chinese authorities said it had helped cover up fraud at Evergrande.
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.
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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 ...
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 ...