A man walks by the audit firm PricewaterhouseCoopers (PWC) office, at the Fortune Financial Center in Beijing on Tuesday, Aug. 27, 2024. (AP Photo/Andy Wong)

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

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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. 

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

Associated Press

China

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