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China may impose record fine on PwC over Evergrande auditing work, ET RealEstate

Pwc: China is set to impose a record fine on PricewaterhouseCoopers LLP and may suspend some of its local operations due to its involvement in a major financial fraud case with China Evergrande Group.

Hong kongUnited kingdomBusiness schoolPricewaterhousecoopers zhong tianCountry garden holdings coFinancial reporting councilChina taiping insurance holdings coChina merchants bank coBabcock international group plcDeloitte touche tohmatsu ltdChina evergrande groupPeople insurance company group of china ltdSunac china holdings ltdRepresentative imageRepresentative imagechinaDeloitte touche tohmatsu

PwC in major accounting scandal? China may impose record fine on PricewaterhouseCoopers over Evergrande auditing work

China is set to impose a record fine on PricewaterhouseCoopers LLP and may suspend some of its local operations due to its involvement in a major financial fraud case with China Evergrande Group. The Ministry of Finance is expected to announce the penalties soon, with a potential fine of at least 1 billion yuan. This move comes amidst heightened scrutiny on financial risks in China, with President Xi Jinping emphasizing the need for stronger financial oversight. PwC s Chinese arm, PricewaterhouseCoopers Zhong Tian LLP, was Evergrande s auditor during the period in question and has faced challenges in other jurisdictions as well.

Hong kongUnited kingdomSunac china holdings ltdChina merchants bank coPricewaterhousecoopers zhong tianChina taiping insurance holdings coChina evergrande groupBabcock international group plcFinancial reporting councilDeloitte touche tohmatsu ltdCountry garden holdings coPeople insurance company group of china ltdDeloitte touche tohmatsuChina merchants bankInsurance companyPresident xi jinping

China considers record penalty for PwC over Evergrande auditing work

China considers record penalty for PwC over Evergrande auditing work
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Hong kongUnited kingdomChina evergrande groupPricewaterhousecoopers zhong tianBabcock international group plcFinancial reporting councilChina merchants bank coPeople insurance company group of china ltdCountry garden holdings coChina taiping insurance holdings coDeloitte touche tohmatsu ltdSunac china holdings ltdDeloitte touche tohmatsuChina merchants bankInsurance companyPresident xi jinping

China Weighs Record Fine for PwC Over Evergrande Audit Work

China is poised to impose a record fine on PricewaterhouseCoopers LLP and suspend some of the global auditor's local operations over its role in one of

Hong kongUnited kingdomCountry garden holdings coChina evergrande groupFinancial reporting councilPeople insurance company group of china ltdPricewaterhousecoopers zhong tianBusiness schoolChina merchants bank coSunac china holdings ltdChina taiping insurance holdings coDeloitte touche tohmatsu ltdBabcock international group plcDeloitte touche tohmatsuPingyang gaoChina merchants bank

🔒 PwC faces record fine in China over Evergrande auditing

In a landmark move, China is set to levy a historic fine against PricewaterhouseCoopers (PwC) LLP, potentially exceeding 1 billion yuan.

Hong kongUnited kingdomChina evergrande groupPeople insurance company group of china ltdChina taiping insurance holdings coDeloitte touche tohmatsu ltdChina merchants bank coCountry garden holdings coPricewaterhousecoopers zhong tianFinancial reporting councilSunac china holdings ltdBabcock international group plcBusiness schoolChina evergrandeBiznews insiderDeloitte touche tohmatsu