PwC China faces a six-month business ban and potential fine for alleged financial fraud in Evergrande audit.
PwC China faces a potential six-month business ban by Chinese authorities over its audit of property giant Evergrande, following allegations of financial fraud. The ban would prevent PwC from signing off on financial results and initial public offerings, along with other regulated activities. PwC China's ban could be accompanied by a substantial fine, making it the toughest penalty ever received by a Big Four accounting firm in China.
August 21, 2024
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