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PwC Fined $166 Million in Hong Kong Over Evergrande Audit
PwC has been fined $166 million by Hong Kong regulators for its audit work concerning the embattled property developer Evergrande. The penalty addresses deficiencies found in the firm's auditing practices.
23 Apr, 09:25 — 23 Apr, 13:34
The Story
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Moderate (32/100)2 sources— more sources would strengthen this score15/33
Spectrum spread— 2/5 buckets covered8/33
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FT
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Daily Sabah
Geographic diversity— 2 regions9/34
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FTVery High5h 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 SabahMixed1h 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...
Read full article →Coverage Timeline
First report: FT · 23 Apr, 09:25|Full coverage: 2 · 4h|Window: 4h
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