PwC’s affiliates in China and Hong Kong, and Shandong Haoxin, have agreed to pay a combined fine of nearly US$8 million for auditing failures related to US-listed Chinese companies, the PCAOB said.
PwC has been fined $7 million after a US regulator found that more than 1,000 of its audit staff in China and Hong Kong cheated on internal training exams designed to get them up to speed on US standards, reports the Financial Times. The Public Company Accounting Oversight Board said that PwC staff improperly shared test…
US regulator slams PwC with $7 million fine pmnewsnigeria.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pmnewsnigeria.com Daily Mail and Mail on Sunday newspapers.
The Public Company Accounting Oversight Board of the USA has announced three settled disciplinary orders sanctioning three China-based firms and four individuals for violations of the U.S. securities laws and PCAOB rules and standards.