# China Evergrande
Latest news and articles about China Evergrande
Total: 3 articles found
Accounting for the Collapse: PwC’s Billion-Dollar Penance for the Evergrande Fraud
Hong Kong regulators have reached a HK$1 billion settlement with PwC over its failed audits of China Evergrande, alongside a HK$300 million fine and a six-month ban on new clients. The move highlights a coordinated effort between Hong Kong and Beijing to punish auditing negligence following Evergrande’s massive revenue inflation.
The Billion-Dollar Price of Negligence: PwC Settles Over Evergrande’s Phantom Profits
PwC Hong Kong has agreed to a record HK$1 billion settlement to compensate Evergrande shareholders following a massive accounting scandal. The move follows regulatory findings that the auditor failed to identify or stop the inflation of over half a trillion yuan in revenue, signaling a new era of aggressive oversight for the Big Four in Greater China.
PwC to Pay HK$1 Billion Settlement Over Evergrande Audit Failures in Hong Kong
PwC Hong Kong has agreed to a HK$1 billion settlement with the SFC to compensate minority shareholders of China Evergrande Group following fraudulent audits for 2019 and 2020. The move aims to restore market integrity and marks a major escalation in auditor accountability within the region.