2024-08-22 23:55:08
Business
Economy
After the Evergrande Scandal: Accounting Firm PwC Faces Six-Month Business Ban in China
Image used under license from Shutterstock.com
Related news on that topic:
The press radar on this topic:
Tagesschau - Wirtschaft und Börsen-Nachrichten
Economy
Finance
PwC China faces a six-month business ban in China due to insufficient auditing of Evergrande's inflated balance sheets. Many major clients such as Bank of China, China Railway and PetroChina have ended their cooperation. After the announcement of the ban, Evergrande shares fell by more than 20%. A Hong Kong court ordered the dissolution of the heavily indebted construction conglomerate. The ban could be accompanied by a high fine, but PwC employees will be allowed to continue working, albeit w..
NZZ
After the Evergrande Scandal: Accounting Firm PwC Faces Six-Month Business Ban in China
Economy
Finance
Evergrande scandal; PwC faces six-month business ban in China; Deloitte fined and banned; Tightening of regulation of auditors; Evergrande's accounts artificially inflated; PwC branch fined; IPOs not possible during ban; PwC loses two-thirds of revenue from state-owned companies; up to half of jobs in financial services could be cut; Evergrande crisis weighs on China's real estate sector, sales and prices fall; EY in Germany banned due to Wirecard scandal.
sueddeutsche
Auditing: PwC Faces Penalty in China
Politics
Economy
Finance
PwC faces a six-month business ban in China due to audit errors at Evergrande; PwC loses a major contract with the Bank of China.
tz
China's Real Estate Crisis Has Consequences for German Company: Beijing Imposes Harshest Penalty in History
Economy
Finance
The Chinese real estate giant Evergrande is in distress; this is burdening the Chinese economy. The auditing firm PwC is facing a six-month business ban in China as a penalty for errors in the audit of Evergrande.
Welcome!
infobud.ai is an AI-driven news aggregator that simplifies global news, offering customizable feeds in all languages for tailored insights into tech, finance, politics, and more. It provides precise, relevant news updates, overcoming conventional search tool limitations. Due to the diversity of news sources, it provides precise and relevant news updates, focusing entirely on the facts without influencing opinion. Read moreExpand