China weighs record fine for PwC over Evergrande auditing

China weighs record fine for PwC over Evergrande auditing

FILE PHOTO: The company logo is seen on the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China September 26, 2021. REUTERS/Aly Song/File Photo

China is weighing a record fine for PricewaterhouseCoopers LLP (PwC) and suspending some of the auditor’s local operations over its role in auditing troubled property developer China Evergrande Group, Bloomberg News reported on Thursday.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter