PwC weighs halving of China financial services audit staff  | Reuters News Agency

PwC weighs halving of China financial services audit staff  | Reuters News Agency


Trade & Finance

Reuters exclusively reported that PricewaterhouseCoopers (PwC) is thinking about slashing as much as part its monetary services and products auditing workforce in China as a regulatory investigation and an exodus of purchasers darken industry possibilities. The exit follows Chinese language regulators’ scrutiny of PwC this pace for its function because the auditor of detail gigantic China Evergrande Team. 

Marketplace Have an effect on

Chinese language government had been analyzing PwC’s function in Evergrande’s accounting practices nearest the securities regulator accused the developer in March of a $78-billion fraud over a length of 2 years via 2020. 

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