AFRC initiates investigation into PwC's auditing of Evergrande based on whistle-blower report.

Hong Kong's Accounting and Financial Reporting Council (AFRC) announced an investigation into PricewaterhouseCoopers (PwC) over its auditing of Chinese real estate giant Evergrande, following a "whistle-blower report" alleging potential deficiencies in PwC's systems of quality management and the quality of the audits of China Evergrande Group. PwC was Evergrande's auditor for over a decade before resigning last year.

April 19, 2024
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