China Has Another Firm in Its Crosshairs Over Its Epic Property Bust: PwC
Aug. 30, 2024
Big Four accounting firm, auditor of choice for many Chinese developers, now faces blowback. China’s epic housing bust has crushed big developers, bond-market investors and homeowners, causing billions of dollars in losses. Now Chinese regulators are zeroing in on another …
PwC China Hit With Six-Month Ban Over Evergrande Crisis
Sept. 13, 2024
Chinese regulators said the firm failed to maintain professional skepticism for its work related to the country’s recent real-estate bust. The $62 million in fines, handed down by regulators Friday, was the country’s largest-ever penalty imposed on a Big Four accounting fi…