 "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 ...
