Accountancy firm accused of issuing false audits says it has sacked six partners and five other staff have left
The China arm of the accountancy firm PwC has been banned for six months and fined a record 441m yuan (£47m) over its audit of the collapsed property developer Evergrande, according to Chinese authorities.
Beijing’s ministry of finance imposed a six-month business suspension on PwC Zhong Tian, the accounting firm’s main division in mainland China, along with a 116m yuan penalty.
More Stories
Rupert Murdoch’s Dow Jones and New York Post sue AI firm for ‘illegal copying’
What does Elon Musk want from all this politicking?
Norway to increase minimum age limit on social media to 15 to protect children