China gives PwC £47m fine and six-month ban over Evergrande

Accountancy firm accused of issuing false audits says it has sacked six partners and five other staff have leftThe China arm of the accountancy firm PwC has been banned for six months and fined a total of 441m yuan (£47m) over its audit of the collapsed property developer Evergrande, according to Chinese authorities.Beijing’s ministry of finance imposed a six-month business suspension on PwC Zhong Tian, the accounting firm’s main division in mainland China, along with a 116m yuan penalty. Continue reading…



Source link : https://www.theguardian.com/business/2024/sep/13/china-pwc-47m-fine-six-month-ban-evergrande-audit

Author : Julia Kollewe

Publish date : 2024-09-13 10:52:24

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