PwC China Hit With Six-Month Ban Over Evergrande Crisis
Mohamed Kande, PwC’s global chair, said the audit work performed by PwC’s Evergrande audit team “fell well below our high ...
Scandals in China and Australia hit Big 4 giant PwC, but global revenues reached a record high
Big Four consulting firm PwC shrugged off reputation-damaging scandals in China and Australia this year to post record ...
PwC profits fall in Asia after scandals in China and Australia
Revenue in Asia-Pacific, the smallest of PwC’s regions, fell from $10bn in the 2023 fiscal year to $9.3bn, down 5.6 per cent in local currencies. In the Americas, its largest, revenue was up from ...
seattlepi.com1mon
China hands PwC a 6-month ban and fine over audit of the collapsed developer Evergrande
China's finance ministry said PwC issued "false audit reports" of Evergrande and that the audit procedures had “serious defects” in design and implementation, leading to many false conclusions.
The Financial Times12d
FirstFT: Twin scandals hit PwC’s Asia profits
But first, PwC has reported slowing annual revenue growth due to twin scandals in Asia and a slowdown in the consultancy ...
International Financing Review8d
PwC ban jams Chinese ECM pipeline
The ministry of finance and the CSRC on September 13 fined PwC Zhong Tian Rmb441m (US$62m) for its auditing work between 2018 and 2020 for failed property developer China Evergrande Group and banned ...
AOL11d
Scandals in China and Australia hit Big 4 giant PwC, but global revenues reached a record high
PwC said demand was particularly slow in China, where revenues fell. In September, the firm was found to have helped conceal fraud at the now-collapsed Chinese property developer Evergrande.
The Irish Times11d
PwC profits fall in Asia after scandals in China and Australia
Chinese regulators ruled PwC had helped conceal a fraud at the collapsed property developer Evergrande, one of its largest audit clients in the country. State-owned enterprises have ditched PwC as ...