China Imposes Six-Month Ban and Fines PwC Over $56 Million for Evergrande Audit Failures
Chinese authorities have imposed a six-month ban on PwC and fined the firm over 400 million yuan (USD 56.4 million) for its involvement in the audit of collapsed property developer Evergrande.
PwC Australia will sell its government business for A$1 and recruit a new CEO
PwC Australia signed an exclusive contract with the private equity company Allegro Funds on 25th June to sell its government practice for A$1, as it hired a Singaporean executive to lead the local firm through the repercussions from a nationwide crisis.