Regulator fines PwC £95m over Chinese Evergrande audit

City AM — Apr 23, 10:43 AM

SFC reaches agreement with PwC HK over Evergrande audit https://www.cityam.com/wp-content/uploads/2024/09/pwc-5bb243356f36a-1.webp?w=1107" />

The Hong Kong regulator fined PwC Hong Kong a landmark HK$1bn (£95m) for its role as auditor for the now-liquidated property giant, China Evergrande Group.

Back in Janaury 2023, PwC resigned as Evergrande’s auditor following a series of disagreements with the heavily-indebted property developer over its audit of the firm’s 2021 accounts.

This came after https://www.cityam.com/regulator-fines-pwc-95m-over-chinese-evergrande-audit/">[...]

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PwC Fined Over Evergrande Audit

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PwC to Pay $166 Million to Settle Hong Kong Evergrande Audit Probe Wall Street Journal — Apr 23, 13:08 PM
PwC fined $166mn by Hong Kong regulators over Evergrande audit Financial Times — Apr 23, 09:25 AM
Hong Kong regulators fine PwC $166M over China Evergrande audit AP News — Apr 23, 12:46 PM
Hong Kong regulators fine PwC $166M over China Evergrande audit The Independent — Apr 23, 12:46 PM