Reported about 2 months ago
PricewaterhouseCoopers' China branch is reportedly expecting a six-month ban from the Chinese government due to its audit of the troubled China Evergrande Group. This comes in light of Evergrande’s substantial financial misreporting, raising the possibility of a hefty fine and restrictions on PwC’s ability to sign off on financial documents for mainland firms. The penalty is anticipated to be announced soon, potentially marking a significant impact on PwC's operations within the country.
Source: YAHOO