PricewaterhouseCoopers offices in Washington, D.C. Photo: Diego M. Radzinschi/ALM 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.
September 17, 2024 at 07:26 AM
4 minute read
Regulation
Chinese regulators have issued a $62 million fine to PricewaterhouseCoopers (PwC) and suspended the Big Four auditor's business operations in mainland China for six months over its work on defaulted property development Evergrande Group in 2018 to 2020.
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