Big 4 auditors have issues with Chinese property firms

Capt. John

THE relationship between the Big Four consulting firms and Chinese corporations is being significantly affected as scrutiny of PwC’s audit of the bankrupt developer China Evergrande tightens accounting procedures, reports Nikkei Asia. Regulators in the city have launched an investigation into PwC over whistleblower allegations about the firm’s handling of Evergrande, the world’s most-indebted developer, with over US$300 billion in liabilities. The developer is now in liquidation under a Hong...

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