PwC China suspended for six months, handed Rmb441m fine over Evergrande auditing

The fines from the China Securities Regulatory Commission and Ministry of Finance relate to the auditing of a subsidiary of troubled property developer Evergrande which inflated its revenue by billions of dollars; PwC's global chair has described the work as "completely unacceptable".

Global consultancy PwC is being suspended from conducting business in mainland China, according to a statement published on September 13 by China's Ministry of Finance. 

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