Hong Kong regulators fine PwC $166M over China Evergrande audit
Corroborated by 2 sources from 2 publishers
asiaworld2d ago
TL;DR
Reports differ across sources; according to abcnews.com, hong Kong regulators fine PwC $166M over China Evergrande audit PwC has been fined $166 million in Hong Kong over its audit work for the collapsed Chinese property developer Evergrande HONG KONG -- PwC, one of the world's biggest accounting firms, is paying HK$1.3 billion ($166 million) in fines and compensation in Hong Kong over its audit work for the failed Chinese property developer Evergrande, which was said to have overstated revenues.