Regulators are scrutinizing PwC for its role in auditing China Evergrande Group, as it stands accused of negligence and inflating revenue by almost $80 billion.
A ban on PwC would prevent the firm from signing off on financial results and initial public offerings, deeply impacting its operations in China.
The anticipated six-month business ban and potential fine could signify a growing shift in regulatory attitudes towards auditing firms in China.
The fallout from this crisis has already seen clients leaving PwC China, including the state-owned Bank of China switching to EY, leading to job losses.
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