Professional Services

China hands PwC a six month ban and fine over audit of the collapsed developer Evergrande

China hands PwC a six month ban and fine over audit of the collapsed developer Evergrande
Photo: AP/Andy Wong

Chinese authorities have banned the accounting firm PwC for six months and fined it over 400 million yuan ($56.4m) over its involvement in the audit of collapsed property developer Evergrande.

The punishment is the heaviest yet for international accounting firms operating in China.

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