China increases scrutiny of Big Four audit firms after Evergrande probe: report

China increases scrutiny of Big Four audit firms after Evergrande probe: report

A sign of Ernst & Young is seen on its office building in Beijing, China July 10, 2024. REUTERS/Tingshu Wang

China’s Ministry of Finance is conducting more rigorous checks of work done by the Big Four auditing firms for local companies, three people with knowledge of the matter said, amid concerns auditors are not doing enough to uncover corporate wrongdoing.