PwC loses largest China client in wake of China Evergrande storm

Penalties on professional services firm over 'negligence' likely to come soon

20240822 Caixin

Bank of China joined a growing list of Chinese companies terminating contracts with PwC as the collapse of China Evergrande put the auditor's work in doubt.

WANG JUANJUAN and HAN WEI, Caixin

PricewaterhouseCoopers LLP (PwC) has lost its largest client in the Chinese mainland amid a wave of client departures triggered by a regulatory probe into the auditing firm's work with scandal-hit developer China Evergrande Group.

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