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PwC Fined $166 Million by Hong Kong Regulators Over Evergrande Audit
Hong Kong regulators have imposed a $166 million fine on PwC for its audit work related to China Evergrande Group. The penalty comes amid scrutiny over the accounting firm's role in the embattled property developer's financial reporting.
23 Apr, 09:25 — 23 Apr, 13:34
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Moderate (46/100)3 sources25/33
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Daily Sabah
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FTVery High7h ago
PwC fined $166mn by Hong Kong regulators over Evergrande audit
Big Four firm also faces six-month ban related to its work on failed property developer’s books
Read full article →Daily SabahMixed3h ago
PwC fined $166M in Hong Kong over Evergrande audit
One of the world's largest consultancies and accounting majors, PwC is paying HK$1.3 billion ($166 million) in fines and compensation in Hong Kong over its audit work for the...
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First report: FT · 23 Apr, 09:25|Full coverage: 3 · 4h|Window: 4h
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