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PwC Probe Spotlight Shifts to Hong Kong After Record China Fine

Sep 17 2024 // The focus of a lengthy probe into PricewaterhouseCoopers LLP’s China business now shifts to Hong Kong after the accounting firm was hit with a record fine in the mainland over its audit of failed developer China...

PwC’s China Unit Suspended for 6 Months, Hit With Record Fine for Evergrande Audit

Sep 13 2024 // Chinese regulators on Friday 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...

EY, KPMG Benefit Most From PwC China’s Regulatory Woes

Aug 15 2024 // Ernst & Young (EY) and KPMG have snapped up over half of PwC’s corporate clients in China that have fled the market’s leading accounting firm as it faces a regulatory probe, filings show.Chinese authorities...

China Evergrande Group’s Liquidators Start Legal Action Against PwC

Aug 7 2024 // China Evergrande Group’s liquidators have launched court proceedings against PricewaterhouseCoopers LLP, another legal step to recover at least a fraction of creditors’ investments from the property...

China Asks Large State Financial Institutions to Drop Auditor PwC, Sources Say

Aug 5 2024 // Chinese regulators have in recent months asked several large state-owned clients of PricewaterhouseCoopers (PwC) to drop the auditor as it braces for penalties over its work for troubled property developer Evergrande, said...

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