HONG KONG -- Chinese authorities on Friday hit PwC with a six-month suspension on the mainland and millions of dollars in fines for the auditor's work on defaulted property developer China Evergrande Group.
China debt crunch
China slaps PwC with 6-month suspension over Evergrande audit
Accounting firm fined total of $62m, says it is 'disappointed' in mainland arm
PwC, one of the global Big Four accounting firms, is paying a heavy price for its relationship with defaulted Chinese property developer Evergrande. © Reuters
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