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PwC Zhong TianGlobalData
•85% Informative
PwC ’s auditing unit in mainland China has been handed a six-month suspension and a fine of 441m yuan ($ 62 m) over its audit of China Evergrande Group .
The investigation was prompted by allegations in March of a $ 78bn fraud at the property developer over two years .
China 's securities regulator has accused the auditing firm of negligence in audit of Hengda Real Estate and its bond issuance in 2019 and 2020 .
China Securities Regulatory Commission (CSRC) said Pwc 's behaviour goes beyond mere auditing failure.
VR Score
87
Informative language
86
Neutral language
80
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formal
Language
English
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64
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Attention-grabbing headline
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Time-value
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2
Source diversity
2
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