Enterprise & Finance
17 July 2024, 1:57 pm 1 minute
Reuters solely reported that PricewaterhouseCoopers (PwC) is contemplating slashing as much as half its monetary providers auditing workers in China as a regulatory investigation and an exodus of shoppers darken enterprise prospects. The transfer follows Chinese language regulators’ scrutiny of PwC this yr for its function because the auditor of troubled property large China Evergrande Group.
Market Affect
Chinese language authorities have been inspecting PwC’s function in Evergrande’s accounting practices after the securities regulator accused the developer in March of a $78-billion fraud over a interval of two years via 2020.
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Subjects of Curiosity: Enterprise & Finance
Sort: Reuters Greatest
Sectors: Enterprise & Finance
Areas: Asia
International locations: China
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Story Varieties: Unique / Scoop
Media Varieties: Textual content
Buyer Affect: Important Nationwide Story
