Scandals in China and Australia hit Big 4 giant PwC, but global revenues reached a record highPwC experienced a decline in the Asia-Pacific region due to scandals, despite achieving record-high global revenues.
PwC, a 'Big 4' auditing firm, is reportedly bracing for a 6-month ban in ChinaPwC may face a six-month business ban in China due to negligence in its audit of Evergrande, a move that could significantly impact its operations.
China bans PwC for 6 months and fines it $62 million over botched Evergrande auditPwC has been banned in China for six months and fined over $62.2 million for failing to audit Evergrande correctly.
China gives PwC 47m fine and six-month ban over EvergrandePwC's China division received a six-month ban and a 441 million yuan fine for poor auditing of Evergrande, affecting investor trust.
Scandals in China and Australia hit Big 4 giant PwC, but global revenues reached a record highPwC experienced a decline in the Asia-Pacific region due to scandals, despite achieving record-high global revenues.
PwC, a 'Big 4' auditing firm, is reportedly bracing for a 6-month ban in ChinaPwC may face a six-month business ban in China due to negligence in its audit of Evergrande, a move that could significantly impact its operations.
China bans PwC for 6 months and fines it $62 million over botched Evergrande auditPwC has been banned in China for six months and fined over $62.2 million for failing to audit Evergrande correctly.
China gives PwC 47m fine and six-month ban over EvergrandePwC's China division received a six-month ban and a 441 million yuan fine for poor auditing of Evergrande, affecting investor trust.
PwC expecting six-month China ban over Evergrande auditPwC China faces a potential six-month ban and hefty fines due to its auditing of the collapsed Evergrande property developer.