Articles for tag: Audit, China, Ensure, Faces, Failures, Investments, Penalty, Prompting, PwC, Rebuild, Record, Substantial, Sustainability, Trust

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PwC faces a record penalty in China for audit failures, prompting substantial investments to rebuild trust and ensure sustainability.

PwC faces a record penalty in China for audit failures, prompting substantial investments to rebuild trust and ensure sustainability.

PwC is making significant investments to enhance its business quality and sustainability in China following a recent record penalty. The firm faced a six-month suspension and a hefty fine of 441 million yuan (approximately $62 million) due to its involvement in the audit of the troubled property developer, China Evergrande Group. Chinese regulators accused Evergrande ...

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NMDC Faces ₹1,620 Crore Penalty Amidst Controversial Mining Dispute in Dantewada

NMDC Faces ₹1,620 Crore Penalty Amidst Controversial Mining Dispute in Dantewada

Chhattisgarh’s Dantewada district has penalized the National Mineral Development Corporation (NMDC) with Rs 1,620.5 crore for alleged mining law violations. NMDC argues that the penalty is unjust and has been imposed without considering relevant facts. The authority claims NMDC transported iron ore without the necessary railway transit pass, violating multiple mining regulations. In a letter, ...

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