{"id":2211,"date":"2024-07-17T13:57:01","date_gmt":"2024-07-17T13:57:01","guid":{"rendered":"https:\/\/ventil.rs\/blog\/world\/pwc-weighs-halving-of-china-financial-services-audit-staff-reuters-news-agency\/"},"modified":"2024-07-17T13:57:01","modified_gmt":"2024-07-17T13:57:01","slug":"pwc-weighs-halving-of-china-financial-services-audit-staff-reuters-news-agency","status":"publish","type":"post","link":"https:\/\/ventil.rs\/blog\/world\/pwc-weighs-halving-of-china-financial-services-audit-staff-reuters-news-agency\/","title":{"rendered":"PwC weighs halving of China financial services audit staff\u00a0 | Reuters News Agency"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p><span class=\"rts-topic-title__tag\">Business &amp; Finance<\/span><\/p>\n<div class=\"rts-article-info \">\n<p><span class=\"rts-article-info__date\">17 July 2024, 1:57 pm <\/span><span class=\"rts-article-info__time \">1 minute<\/span><\/p>\n<\/div>\n<div class=\"et_pb_module et_pb_post_content et_pb_post_content_0_tb_body\">\n<p>Reuters <strong><a href=\"https:\/\/www.reuters.com\/business\/finance\/pwc-weighs-halving-china-financial-services-audit-staff-say-sources-2024-07-16\/\">exclusively reported<\/a><\/strong> that PricewaterhouseCoopers (PwC) is considering slashing up to half its financial services auditing staff in China as a regulatory investigation and an exodus of clients darken business prospects. The move follows Chinese regulators\u2019 scrutiny of PwC this year for its role as the auditor of troubled property giant China Evergrande Group.\u00a0<\/p>\n<\/p><\/div>\n<h3>Market Impact<\/h3>\n<p><span class=\"TextRun SCXW58875472 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW58875472 BCX0\">Chinese authorities have been examining PwC\u2019s role in Evergrande\u2019s accounting practices after the securities regulator accused the developer in March of <\/span><span class=\"NormalTextRun SCXW58875472 BCX0\">a<\/span> <\/span><span class=\"TextRun Underlined SCXW58875472 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW58875472 BCX0\">$78-billion fraud<\/span><\/span><span class=\"TextRun SCXW58875472 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW58875472 BCX0\"> over a period of two years through 2020.<\/span><\/span><span class=\"EOP SCXW58875472 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<div class=\"rts-tag-box\">\n<p>Article Tags<\/p>\n<p><span class=\"rts-tag-box__item-title\">Topics of Interest: <\/span><span class=\"rts-tag-box__tag\">Business &amp; Finance<\/span><\/p>\n<p><span class=\"rts-tag-box__item-title\">Type: <\/span><span class=\"rts-tag-box__tag\">Reuters Best<\/span><\/p>\n<p><span class=\"rts-tag-box__item-title\">Sectors: <\/span><span class=\"rts-tag-box__tag\">Business &amp; Finance<\/span><\/p>\n<p><span class=\"rts-tag-box__item-title\">Regions: <\/span><span class=\"rts-tag-box__tag\">Asia<\/span><\/p>\n<p><span class=\"rts-tag-box__item-title\">Countries: <\/span><span class=\"rts-tag-box__tag\">China<\/span><\/p>\n<p><span class=\"rts-tag-box__item-title\">Win Types: <\/span><span class=\"rts-tag-box__tag\">Exclusivity<\/span><\/p>\n<p><span class=\"rts-tag-box__item-title\">Story Types: <\/span><span class=\"rts-tag-box__tag\">Exclusive \/ Scoop<\/span><\/p>\n<p><span class=\"rts-tag-box__item-title\">Media Types: <\/span><span class=\"rts-tag-box__tag\">Text<\/span><\/p>\n<p><span class=\"rts-tag-box__item-title\">Customer Impact: <\/span><span class=\"rts-tag-box__tag\">Significant National Story<\/span><\/p>\n<\/div><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.reutersagency.com\/en\/reutersbest\/article\/pwc-weighs-halving-of-china-financial-services-audit-staff\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Business &amp; Finance 17 July 2024, 1:57 pm 1 minute Reuters exclusively reported that PricewaterhouseCoopers (PwC) is considering slashing up to half its financial services auditing staff in China as a regulatory investigation and an exodus of clients darken business prospects. The move follows Chinese regulators\u2019 scrutiny of PwC this year for its role as&#8230;<\/p>\n<p class=\"more-link-wrap\"><a href=\"https:\/\/ventil.rs\/blog\/world\/pwc-weighs-halving-of-china-financial-services-audit-staff-reuters-news-agency\/\" class=\"more-link\">Read More<span class=\"screen-reader-text\"> &ldquo;PwC weighs halving of China financial services audit staff\u00a0 | Reuters News Agency&rdquo;<\/span> &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":2212,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/www.reutersagency.com\/wp-content\/uploads\/2024\/07\/Weekly_07-17-24_GLOBAL-COMPANY-PWC.jpg","fifu_image_alt":"","footnotes":""},"categories":[2],"tags":[],"class_list":["post-2211","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v17.8 (Yoast SEO v22.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>PwC weighs halving of China financial services audit staff\u00a0 | Reuters News Agency - Breaking News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ventil.rs\/blog\/world\/pwc-weighs-halving-of-china-financial-services-audit-staff-reuters-news-agency\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PwC weighs halving of China financial services audit staff\u00a0 | Reuters News Agency\" \/>\n<meta property=\"og:description\" content=\"Business &amp; Finance 17 July 2024, 1:57 pm 1 minute Reuters exclusively reported that PricewaterhouseCoopers (PwC) is considering slashing up to half its financial services auditing staff in China as a regulatory investigation and an exodus of clients darken business prospects. 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